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Adult toys BusinessHarmoney beats loan forecasts as volumes return to pre Covid levels20 Jan, 2021 04:32 AM2 minutes to readHarmoney chief executive David Stevens. Photo / TwitterNZ HeraldAuckland based non bank lender Harmoney issued 2 per cent more loans in the six months to December than forecast in its prospectus, the company said in a market update.Strong second quarter demand saw New Zealand loans increase 44 per cent to $62 million and Australian loans 69 per cent to $27m, bringing the total current loan book to $469m.Read MoreHarmoney founder, employees to cash in nearly $24m on share sale and IPO NZ HeraldHarmoney’s post IPO share slump prompts investor call for price inquiry NZ HeraldNZX regulator receives multiple complaints about Harmoney share price NZ HeraldManaging director David Stevens said the improved quarter saw a return to pre Covid lending volumes.The stock gained 21c, or 7.5 per cent, to $3 on the NZX.Stevens said the firm limited new loan originations during the pandemic, which slowed loan growth year on year.”However, in line with the wider economic recovery, we have adjusted credit settings and ramped up marketing activity with a focus on attracting a strong pipeline of high quality borrowers in Australia and New Zealand. Our technology based Stellare platform is delivering more aggressive growth in FY21, and is supported by the recent addition of our third warehouse facility.”Harmoney previously announced it had set up a second NZ warehouse funding facility to be provided by M Investments of up to $200m sex toys.

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