Business Peer to Peer Lender joins UK Finance Association

Peer-to-Peer (P2P) business lending platform ArchOver has become a member of UK Finance, the newly created trade body for financial organisations in the UK. Following its acceptance into the Asset-Based Finance Association (ABFA) last month, ArchOver will represent the interests of peer-to-peer lenders in the new group.

The membership reinforces ArchOver’s ability to help midmarket businesses secure up to £10 million in funding, with the company having already facilitated over £40 million in financing over its platform. Boasting no late borrower payments, no defaults and no losses over the past three years,

Angus Dent, Chief Executive Officer  at ArchOver said “We’re delighted to take our place in UK Finance as it begins its work as the voice of the finance industry, and we look forward to representing P2P on a national stage.”

“As part of the association, we will continue to build on our success, providing SMEs with quick, secure access to the funding they need to grow and helping private investors make their money work for them in a challenging economic climate.”