Harmoney Corp Limited
HMY.AX
Australian Securities Exchange0.76
AUD
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Harmoney Corp Limited
HMY.AX
(Australian Securities Exchange)
Recent
price
0.76
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Harmoney Corp Limited is an online direct personal lending company operating primarily in Australia and New Zealand. It provides unsecured personal loans that are accessed entirely through a digital platform, offering loan amounts ranging from approximately AUD/NZD 2,000 to 100,000 with fixed interest rates tailored to individual credit risk. The company's loan products include personal loans for various purposes such as debt consolidation, renovations, weddings, medical expenses, and vehicle financing. Harmoney's lending process is fast, paperless, and 100% online, with loan terms of 3, 5, or 7 years and no early repayment fees. Founded in 2014 and headquartered in Auckland, New Zealand, Harmoney leverages data science and technology to deliver competitively priced, accessible lending solutions. In recent developments, the company completed a strategic rollout of its Stellare 2.0 customer platform, contributing to strong loan book growth to approximately AUD 783 million and a significant increase in profitability. Additionally, Harmoney secured a $15 million facility with a major Australian bank, replacing a larger facility at a lower margin to strengthen its funding structure. The company also announced plans for ongoing securitisation programs to diversify funding sources and enhance capital efficiency. Harmoney targets consumers in Australia and New Zealand seeking simple, fair, and technology-driven personal loan products through a consumer-direct model. It operates as a standalone listed entity on the ASX under the ticker HMY.AX and employs a team focused on engineering, data science, and product development to support its online lending platform and growth initiatives. The company continues to focus on organic growth and platform innovation rather than acquisitions, aiming to expand its market share in non-bank lending sectors in its operating regions.