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Peer2Peer Finance News | September 18, 2019

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ArchOver expands into Hertfordshire with second regional office

ArchOver expands into Hertfordshire with second regional office
Marc Shoffman

ARCHOVER is targeting Hertfordshire businesses with the opening of its second regional office.

The peer-to-peer business lender has opened an office in Hatfield that will serve small- and medium-sized enterprises (SMEs) in Hertfordshire and Bedfordshire.

It joins Birmingham as the London-based platform’s second regional hub.

Leading the office will be Dugald J. Carlean, an experienced corporate finance professional – who has lived in Harpenden for more than 17 years.

Prior to joining ArchOver, he held numerous senior positions across the UK SME investment banking space, providing funding services across various sectors

Read more: ArchOver unveils new hires as it targets £100m of lending

“It’s a tough time to be a smaller business, but the entrepreneurial spirit is rich in Hertfordshire and Bedfordshire,” he said.

“The region is a major hub for the UK SME economy, with 98,000 small-to-medium firms operating in sectors as diverse as pharma, fintech, construction, life sciences and advanced engineering.

“ArchOver’s new office is at the heart of commercial activity in the Hatfield Business Park and will provide a platform to inject much-needed finance into that already thriving landscape.

“I’m excited to be part my home region’s growth – and to lead this expansion of ArchOver’s existing successful business model.”

Read moreThinCats opens Birmingham office to expand West Midlands footprint

Angus Dent, chief executive of ArchOver said too many companies make the mistake of seeing the world through a “London-only” lens.

“This country is full of fast-growing, sustainable businesses looking for supportive funding to help them grow – something that neither the government nor the banks seem to understand,” he added.

“Our new office in Hatfield will help local companies get access to the cash they need to grow. While the banks continue to evacuate the SME space, we’re investing in the future of entrepreneurial business in Hertfordshire and Bedfordshire.”