ArchOver is to inform investors at least an hour before a project goes live to ensure as many can invest as possible.
The peer-to-peer business lender said projects were filling up fast and it wanted to treat investors “fairly and equally.”
“When a new project goes live, all of ArchOver’s lenders are alerted at the same time via email, and this has historically worked well in getting projects funded while giving our lenders the chance to invest,” the lender said in a note to investors.
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“Many projects have been funding incredibly quickly as of late.
“While this has been fantastic for our borrowers, the speed at which the funding process has been completed has meant that some lenders have missed out on new loans.”
To address this, ArchOver will send an email alert at least an hour before its standard project live message to inform investors of an upcoming opportunity.
The platform recently sought investor views on whether to alter when its 14-day cooling off period starts.
Investors currently have a 14-day cooling off period that starts once they make a pledge but the peer-to-peer business lender said this can delay lending.
Instead, ArchOver asked its users how much they value the cooling off period and whether it should start when investors register and accept the platform’s terms and conditions, instead of when they first invest.
ArchOver said investors have rarely used the cooling off period.