Harmoney Corp Limited (ASX:HMY)

David Stevens
CEO
Market Cap (AUD): 299.71M
Sector: Financials
Last Trade (AUD): 2.97 -0.03 (-1%)
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1. About

Harmoney Corp Limited (ASX:HMY) 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 purpose is to help people achieve their goals through financial products that are fair, friendly, and simple to use. 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.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk