ArchOver joins ABFA

Business Peer to Peer lender, ArchOver, has announced that it has been awarded membership of the Asset-Based Finance Association (ABFA), the trade body for invoice finance and asset-based lending.

The ABFA represents over 95 per cent of the UK and Irish asset-based finance market, working to set and maintain ethical standards within the industry. ArchOver’s Secured & Insured and Secured & Assigned lending models make it a natural fit for the association, emphasising lender security with an all-asset charge, an in-depth credit analysis, monthly monitoring, insurance policies and a rapid dispute resolution service for borrowers.

Angus Dent, Chief Executive Officer of ArchOver said “With our FCA approvals still hot off the press, we’re delighted to have been accepted as part of the ABFA. We look forward to working with our peers in the sector to build on our successes in the SMB lending space and provide our lenders with top-flight security. As part of the ABFA we will continue to connect UK businesses with the essential funds they need to grow, and work to maintain our zero per cent default rate for lenders.”

Jeff Longhurst, Chief Executive Officer of ABFA said “The ABFA exists to ensure that our members treat clients fairly and embrace the principle of professional conduct in their business. We are very pleased to welcome such an innovative finance provider as Archover as one of our first fintech members.”