Harmoney Corp Limited (ASX: HMY) is a digital consumer lender providing secured and unsecured personal loans across Australia and New Zealand. Rarely do we see the management team of a micro-cap publicly guide (and re-affirm) investors to more than doubling their net profit - yet that’s exactly what Harmoney has done. The muted share price reaction suggests investors have largely missed the memo, with fintech, lending and SaaS businesses suffering from a lack of investor love. We believe this earnings guidance provides a clear signal of Harmoney’s continued growth trajectory and could mark an inflection point as the market begins to recognise the company’s consistent earnings profile.

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Key Highlights

• Proprietary AI-powered lending platform (Stellare) enables automated credit assessment, risk-based pricing and personalised loan approvals in as little as 90 seconds.

   

• Highly scalable digital operating model supports rapid loan processing, with approved borrowers often funded within minutes, driving an efficient customer experience and operating leverage. Diversified funding platform underpinned by multiple big-4 banking facilities, complemented by embedded finance API partnerships that broaden distribution.

   

• Self-funding business model with strong operating cash generation and no need for additional equity capital raises. The Business is operating and free cash flow positive.

   

• Undervalued relative to peers with current trading multiples failing to reflect the company's scalable technology platform, operating improvements and long-term growth potential. 

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