Harmoney (HMY) Corporate Presentation summary

Customer value proposition

• Offers unsecured and secured personal loans with risk-based pricing, fully online application, and fast funding, with average new loan size of $20,000 and terms up to 7 years.

• Loans are fully compliant with AU/NZ consumer lending codes, with one upfront establishment fee and no other fees.

• Customers use loans for renovations, debt consolidation, cars, education, travel, and weddings.

• High customer satisfaction with a 4.8/5 rating from over 55,000 reviews.

Technology and automation

• Proprietary Stellare® 2.0 platform enables 100% process automation, instant credit decisions, and rapid settlements.

• AI and automation leverage over 10,000 new monthly applications and 9+ years of data to optimize marketing and risk assessment.

• Cloud-native core banking suite used by global banks, reducing implementation time and complexity.

Business model and growth

• Direct-to-consumer model maximizes customer lifetime value and enables annuity revenue from repeat customers at minimal acquisition cost.

• Market-leading 24% cost to income ratio, with further reductions expected from automation.

• Significant growth in Australia, with new customer lending of $177m in FY23 and 140% expected repeat lending over six years.