Peer to peer lender Harmoney racks up $100 million in loans in first year; faces competition

Wed, 09 Sep 2015

By Fiona Rotherham Sept. 9 (BusinessDesk) - Peer to peer lender Harmoney says it has facilitated $100 million of personal loans in its first year which is 10 times better than any of its Australian peers achieved when they started up, but is concerned about the market impact of any new competitors. Chairman Rob Campbell said the team was “always looking to beat Australia and in due course we’ll get the opportunity to do that on their own turf.” The peer to peer marketplace, whose shareholding investors include Heartland Bank and Trade...

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