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Peer2Peer Finance News | November 17, 2017

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Angus Dent

ArchOver reaches £50m lending landmark

November 6, 2017 |

ARCHOVER has passed the £50m lending milestone, with no defaults or late payments since it started in 2013.

The peer-to-peer business lender said it has facilitated more than £51m of funding for UK businesses to date, offering average returns to … Read More

A boost for savers? Interest rates hiked for first time in a decade

November 2, 2017 |

INTEREST rates have been increased for the first time in a decade, prompting speculation about whether savers may start seeing better returns.

The Bank of England’s monetary policy committee increased the base rate from 0.25 per cent to 0.5 per … Read More

ArchOver nears £50m milestone after bumper year to date

October 9, 2017 |

ARCHOVER is approaching the £50m funding milestone, having nearly doubled its total lending in the first nine months of this year.

The peer-to-peer business lender said on Monday that it has lent out £21.39m since January 2017, bringing its cumulative … Read More

The P2P Power 50

October 2, 2017 |

PEER-TO-PEER lending has rapidly grown into a multi-billion-pound industry, bringing together the best in banking and technology as well as lawyers, regulators, analysts and fund managers.

So, who are the key players influencing the UK’s P2P sector? The inaugural Peer2Peer … Read More

ArchOver CEO: SMEs have “wrong attitude” in eschewing finance

September 14, 2017 |

ARCHOVER’S chief executive Angus Dent (pictured) has urged small business owners to be more confident in taking on debt, after new figures showed that 80 per cent of small- and medium-sized enterprises (SMEs) are refusing to apply for new finance.

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ArchOver hires banking veteran Nick Jones as regional director

August 15, 2017 |

ARCHOVER has named banking veteran Nick Jones (pictured) as its regional director, to grow its network of borrowers across the Thames Valley and Chiltern areas.

The peer-to-peer business lender said on Tuesday that Jones will proactively identify businesses that have … Read More

ArchOver signs up to UK Finance trade body

July 20, 2017 |

PEER-TO-PEER secured business loans platform ArchOver has pledged to be the voice of the P2P sector after becoming part of newly-formed financial trade body UK Finance.

ArchOver joined the Asset Based Finance Association (ABFA) last month which has subsequently been merged … Read More

ArchOver clinches £3m funding deal with Prospect Business Centres

July 6, 2017 |

ARCHOVER has secured a £3m financing arrangement with Prospect Business Centres (PBC), a serviced office space provider for UK and international corporates.

The peer-to-peer business platform has already raised £692,000 from investors and is currently funding an additional £400,000 as … Read More

Bank of England takes action to ward off consumer credit boom

June 27, 2017 |

THE BANK of England has expressed concerns about the boom in consumer credit by increasing capital that banks must set aside for losses.

The central bank’s financial stability report showed consumer credit – credit cards, personal loans and motor finance, … Read More

ArchOver among the first P2P firms to join asset finance trade body

June 23, 2017 |

PEER-TO-PEER secured business loans platform ArchOver has become one of the first fintech members of the Asset-Based Finance Association (ABFA).

Angus Dent, chief executive of ArchOver, said the platform’s secured lending model made it a natural fit for the invoice … Read More