Australian (ASX) Stock Market Forum

HMY - Harmoney Corp


Jun 27, 2010
Harmoney is one of the leading online direct personal lenders that operates across Australia and New Zealand, providing customers with unsecured personal loans that are easy to access, competitively priced (using risk-adjusted interest rates) and accessed 100% online.

Harmoney's proprietary digital lending platform, Stellare™, facilitates its personalised loan product with applications processed and loans typically funded within 24 hours of acceptance by the customer. Stellare™ applies a customer’s individual circumstance to its data-driven, machine learning credit scorecard to deliver automated credit decisioning and accurate risk-based pricing.

Since originating its first loan in August 2014, Harmoney has originated over $1.7 billion in personal loans, has served more than 46,000 borrowers across Australia and New Zealand and has grown its total loan book to $480 million.

Headquartered in Auckland, New Zealand, Harmoney established an office in Sydney in 2017 to support its expansion into Australia. Harmoney currently employs 60 full time employees across its Australian and New Zealand operations that support the business' activities.

It is anticipated that HMY will list on the ASX during November 2020.


Dona Ferentes

The Bourse Whisperer
Jan 11, 2016
Personal lender Harmoney faltered as it hit the public market, the second fintech float in two months to trade underwater as investor sentiment remains cautious towards unsecured credit and the large number of new floats.

Harmoney, a personal lender with no branches, raised $92.5 million with an initial public offering priced at $3.50, a 3.5 times enterprise value to revenue multiple.

But the market pushed this lower on Thursday; the New Zealand-based company was trading down, recovering after going as low as $3.15, despite a beat on its prospectus cash profit forecast. This came in at $NZ1.6 million for the four months to October. Its total loan book is $NZ472 million ($446 million).


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