Case Study - Peer to Peer Lending


Peer to peer lending

Customer: Harmoney - Peer to peer lending

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Harmoney, the first peer to peer lender in New Zealand was founded by Neil Roberts in 2001 with bold ambitions and a game-changing vision: to turn lending upside down by introducing a marketplace finance model that changes the way Kiwis think about money, for good.

Business Challenge

Online Peer to Peer Lending Platform

Contesting traditional way of investing and borrowing money is not an easy challenge to overcome. However, Harmoney believed they could bring the change with the technology to minimise the cost of financial intermediation, and passing the benefits to customers. Therefore they looked for a modern technology to build transparent, two-sided marketplace in a scalable and robust digital platform.


API Layer to Support Data Flow

Harmoney engaged YouDo to help build their new digital platform. At the initial engagement, YouDo worked with Harmoney to help them identify the issues in the existing prototype and to determine the features that need to reinforce in the new solution.

YouDo developed a scalable and secure web application to provide a transparent platform to both lenders and borrowers to invest and borrow money online by enhancing their prototype.

Today, the Harmoney is a platform for most Kiwis for peer-to-peer lending where everyday people borrow money from, and lend money to, other everyday people online.