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Harmoney targets $1bn loan book as growth accelerates

Harmoney targets $1bn loan book as growth accelerates

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 Harmoney Corp Ltd chief executive and managing director David Stevens talked with Proactive about the online lender’s strong start to FY27, growth across Australia and New Zealand, the expansion of its intermediary channel and the company’s target of growing its loan book beyond $1 billion. Stevens explained that Harmoney provides personal and car loans through a fully online model, with loan sizes ranging from $2,000 to $100,000. The company uses risk-based pricing and its proprietary Stellare® platform to automate much of the credit assessment process, allowing eligible customers to receive approvals and funds rapidly. Discussing Harmoney’s recent performance, Stevens highlighted a group loan book of $912 million, representing growth of 9%, including 14% growth in Australia. September also delivered Harmoney’s highest monthly originations in local currency. A major focus is the company’s recently launched Australian intermediary channel. Stevens said the first two partners generated $7 million in loans in less than two months, with around another 10 partners expected to be added over the coming months. Harmoney sees the Australian car lending market as a significant opportunity and is targeting a pipeline of more than $100 million over the next 12 months. The company also reported a net interest margin of 10.3%, credit losses of 3.8% and 90-plus-day arrears of 0.64%. Stevens said Harmoney’s long operating history and use of machine learning have helped the company develop its credit models and maintain risk-based pricing. Looking ahead, Harmoney has reaffirmed FY27 guidance of more than $16 million in cash NPAT and is targeting a loan book above $1 billion by year-end. Stevens said continued growth in the direct business, expansion of the intermediary car lending channel and the scalability of Stellare® would remain central to Harmoney’s strategy. Visit Proactive’s YouTube channel for more interviews and market updates. If you found this video useful, give it a like, subscribe to the channel and enable notifications so you don’t miss future content. #Harmoney #HMY #ASX #ASXStocks #Investing #InvestorNews #Fintech #Lending #PersonalLoans #CarLoans #ConsumerFinance #FinancialTechnology #MachineLearning #AI #Stellare #Australia #NewZealand #FY27 #ProactiveInvestors
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