Investment Summary

Trade Me Invests In Harmoney

On January 12, 2015, Trade Me invested in internet software and services company Harmoney for 8M USD

Investment Highlights
  • This is Trade Me’s 9th transaction in the Internet Software and Services sector.
  • This is Trade Me’s 2nd largest (disclosed) transaction.
  • This is Trade Me’s 9th transaction in New Zealand.

Investment Summary

Date 2015-01-12
Target Harmoney
Sector Internet Software and Services
Investor(s) Trade Me
Deal Type Stake Purchase
Deal Value 8M USD

Target

Harmoney

Auckland, New Zealand
Harmoney Ltd. is a peer-to-peer lending company. Peer-to-peer lending is where investors loan money directly to unrelated borrowers via an online platform, rather than the lending occurring via a traditional financial institution like a bank.

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Investor(S) 1

Investor

Trade Me

Wellington, New Zealand

Category Company
Founded 1999
Sector Internet Software and Services
Revenue 250M EUR (2018)
DESCRIPTION

Trade Me is a provider of the online marketplace and classified advertising platforms in New Zealand as well as the generalist marketplace for new and used goods. Trade Me Group was founded in 1999 and is based in Wellington, New Zealand.


DEAL STATS #
Overall 9 of 10
Sector: Internet Software and Services M&A 9 of 10
Type: Stake Purchase M&A Deals 3 of 3
Country: New Zealand M&A 9 of 10
Year: 2015 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-15 Paystation

Thorndon, New Zealand

Paystation Ltd. is an online payment processing service provides merchants with a secure and robust solution to allow their customers to pay online by credit card. Paystation also offer services for Mail Order / Telephone Order (MOTO) payments, batch processing, and call centre integration.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-11 Limelight Software

Christchurch, New Zealand

Limelight Software Ltd. (dba Motorcentral) is a cloud based dealer management platform for motor vehicle dealers. Motorcentral was established in 2001 and is headquartered in Christchurch, New Zealand.

Buy -