Harmoney Corp Ltd (AU:HMY) has released an update.
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Harmoney Corp Ltd has reported substantial growth with the launch of Stellare 2.0 platform, leading to a 50% increase in new customer originations in Australia for July 2024. The company achieved its fifth consecutive half of loan book growth and positive cash NPAT, with revenue up by 15% to $123 million despite a challenging economic environment with higher market interest rates. The success of Stellare 2.0 has also enabled the retirement of its predecessor, contributing to a one-off $9.5 million impairment expense.
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