New Zealand-based marketplace lender Harmoney has announced the launch of its services in Australia; the firm has opened an office in Brisbane and plans to begin with $200 million in capital to lend; the firm has also signed agreements for institutional funding for the next three years; rates will start at 8.99% and the firm will offer loans from $5,000 (USD$3,829) to $35,000 (USD$26,801). Source
[Editor’s note: This is a guest post from Neil Roberts. He is the CEO of Harmoney, a new p2p lending...
I hear from a lot of platforms both in the US and around the world in various stages of launch....
Harmoney is New Zealand’s first and largest p2p lender, launching in 2014; since then they have built up a loan...
You could fit the entire population of New Zealand (4.5 million people) in the New York City boroughs of Queens...
Harmoney has shared that they are working with DataRobot to improve credit assessments; DataRobot automates data science workflow and allows users to customize predictive models; Harmoney’s models have been trained on data from over 300,000 loan applications; previously it took them 12 to 16 weeks to deploy models, now it takes just minutes. Source