Director, RaaS Research Group, Research as a Service (RaaS)

RaaS Research Group (RaaS)

Director, RaaS Research Group

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<p><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank">Harmoney Corp Ltd (ASX:HMY) is one of the largest online direct lenders operating in Australia and New Zealand providing easy to access, unsecured personal loans at competitive interest rates. Its proprietary digital lending platform, Stellare<sup>TM</sup>, automatically applies a customer’s individual circumstance to its data-driven machine learning credit scorecard to approve and then deliver loans at competitive, risk-based prices within 24-hours. Since 2014, Harmoney has originated more than NZ$1.9b in personal loans and has served more than 48,000 customers. Its current loan book is NZ$469m. Harmoney listed on the ASX in November 2020 with a foreign exempt listing on the NZX following an IPO raise of A$92.5m priced at A$3.50/share, giving it a market capitalisation at raise of A$353.2m. The IPO proceeds will fund growth in Harmoney’s loan originations. Harmoney has announced that it had exceeded its prospectus forecasts for loan originations for the six months to 31 December 2020 by 2% delivering total loan originations of NZ$194m for H1 FY21. The company also has total warehousing capacity to NZ$476m (NZ$353m and A$115m) following a second New Zealand warehouse funding facility established with M&amp;G Investments of up to NZ$200m. Funding capacity is at NZ$290m.</a></p>
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Harmoney Corp Ltd (ASX:HMY) is one of the largest online direct lenders operating in Australia and New Zealand providing easy to access, unsecured personal loans at competitive interest rates. Its proprietary digital lending platform, StellareTM, automatically applies a customer’s individual circumstance to its data-driven machine learning credit scorecard to approve and then deliver loans at competitive, risk-based prices within 24-hours. Since 2014, Harmoney has originated more than NZ$1.9b in personal loans and has served more than 48,000 customers. Its current loan book is NZ$469m. Harmoney listed on the ASX in November 2020 with a foreign exempt listing on the NZX following an IPO raise of A$92.5m priced at A$3.50/share, giving it a market capitalisation at raise of A$353.2m. The IPO proceeds will fund growth in Harmoney’s loan originations. Harmoney has announced that it had exceeded its prospectus forecasts for loan originations for the six months to 31 December 2020 by 2% delivering total loan originations of NZ$194m for H1 FY21. The company also has total warehousing capacity to NZ$476m (NZ$353m and A$115m) following a second New Zealand warehouse funding facility established with M&amp;G Investments of up to NZ$200m. Funding capacity is at NZ$290m.







Harmoney Corp - It Pays to Be in Tune with Your Customers

New Zealand

Harmoney Corp Limited is an online direct personal lender. The Company provides customers with unsecured, risk-based personal loans that are accessed 100% online. Harmoney operates in New Zealand and Australia.

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Harmoney Corp Ltd (HMY AU)

Harmoney Corp - It Pays to Be in Tune with Your Customers

Harmoney Corp Ltd (ASX:HMY) is one of the largest online direct lenders operating in Australia and New Zealand providing easy to access,...

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