Harmoney Corp Limited has secured an additional NZ$215 million warehouse facility from one of Australia's "big four" banks, supporting its loan book growth in New Zealand.
The facility brings Harmoney's total warehouse capacity to over $950 million, with over $330 million remaining undrawn, and is supported by its 100% consumer-direct business model and proprietary Stellare® digital lending platform.
The update to Chief Executive Neil Roberts' employment agreement also pays out compensation in the event of his termination or redundancy, which is then repayable if Roberts' employment is terminated for serious misconduct or breach within six months.
See more
