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Peer2Peer Finance News | August 23, 2017

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Jeff Longhurst

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

Invoice finance has soared by £8bn since credit crunch

May 2, 2017 |

UK AND Irish businesses have turned to alternative sources of funding in the decade since the credit crunch, with invoice finance rising by more than £8bn, says new research.

There was a record high of £22.2bn of asset-based finance advanced … Read More

SMEs strained by late council payments

April 24, 2017 |

SMALL- and medium-sized enterprises (SMEs) across the UK are suffering from credit constraints because of local councils’ long repayment timeframes, claims new research.

The country’s slowest-paying local councils such as Peterborough and Richmond took on average 36 to 38 days to … Read More

SMEs ditching overdrafts for asset based lending

March 27, 2017 |

ASSET-BASED finance is increasingly taking market share from bank overdrafts as a key source of funding for small- and medium-sized enterprises (SMEs), research claims.

Analysis by trade body the Asset Based Finance Association (ABFA) found during 2016 an average £9.5bn … Read More

UK asset-based finance surges to all-time high in 2016

March 13, 2017 |

ASSET-BASED finance to UK businesses has risen by 13 per cent over last year, hitting an all-time high of £22.2bn.

The Asset Based Finance Association (ABFA), who compiled the research, said that the UK’s biggest companies have played a key … Read More

Asset-backed lending to UK firms hits record high of £4.3bn

December 12, 2016 |

THE AMOUNT of asset-backed lending available to UK businesses has reached a record high of £4.3bn, a 22 per cent increase on last year.

According to the Asset Based Finance Association (ABFA), the total amount of asset based lending and … Read More