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10 Comments
I don't think they had much choice.... they try and fill a loan request up with small individual lenders (noting you will never have a loan funded 100% by one lender) then an institutional investor mops up the remaining loan balances.
If they didn't do it this way they could have loan requests going unfilled for months until they married up lenders with the right risk appetite.
Hence Harmoney have realised you dont really need an expensive new marketing and distribution channel to lend money, people queue up to borrow from any source, why knock yourself out to be creative or innovative. Ultimately capital doesnt believe in anything but profit.
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