It is still early days for P2P lending in Australia, but startups are eager to take a share of the $55bn personal loan market that has traditionally only been available to Aussie banks. New Zealand based p2p lender Harmoney has raised $200m of financing, led by P2P Global Investments PLC (a subsidiary of alternative asset manager Marshall Wace). The agreement includes both equity and debt, with P2PGI also signing an agreement for $200m of lending capital for Harmoney's marketplace.
Harmoney Founder, Shareholder and CEO, Neil Roberts, said today: "We are delighted to have P2PGI as a key shareholder. P2PGI has been an institutional investor on the Harmoney marketplace since early 2015."Their equity investment in the company aligns the two parties even closer. P2PGI is one of the world's largest dedicated P2P marketplace funds and we join an exclusive list of the world's leading platforms that P2PGI has selected to invest in."