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Peer2Peer Finance News | August 22, 2017

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Angus Dent

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

P2P sector ready to take on institutional money challenge

June 2, 2017 |

THE PEER-TO-PEER sector is well equipped to head off the potential risks posed by the growing involvement of institutional money, which it needs in order to thrive, two industry executives have said.

Various sources recently voiced concerns that institutional investors could … Read More

ArchOver seals FCA approval as it closes first dual-loan

May 24, 2017 |

BUSINESS finance platform ArchOver has gained full authorisation from the Financial Conduct Authority (FCA), which it said will be a pivotal step in achieving its £500m lending target in the next five years.

The platform has so far channelled £35m to small- and … Read More

ArchOver calls for “change in mind-set” on business debt

May 8, 2017 |

ARCHOVER’S chief executive has called for a change in mind-set around debt as a tool for growth, after new data showed that poor consumer demand and rising cost pressures have weighed on British businesses.

The BDO monthly business trends … Read More

Covering all bases

April 25, 2017 |

Insurance has never had much of a place in the P2P sector, but credit insurance promises to deliver that elusive prize: high returns without the risk. Is the P2P sector ready to upend its business model?

Insurance is the enemy … Read More

Article 50: Brexit must be turned into an opportunity for UK businesses

March 29, 2017 |

WITH Article 50 kicking off Brexit proceedings, the UK government and businesses must work hard to turn uncertainty into an opportunity, firms and industry groups said on Tuesday.

A lack of clarity around the UK’s divorce from the EU could … Read More