ArchOver said last week was its busiest week of enquiries of the past year, as the platform increasingly looks at cashflow lending and acquisition finance.
Charlotte Marsh, managing director of ArchOver, said that the platform has seen investors queue to fund projects quickly, with some financed in just under three minutes.
“We’ve had our busiest week in over a year, the buzz of P2P has returned,” Marsh told Peer2Peer Finance News.
“It’s a shame we’re not in the office together but it’s nice to feel we are working together with what we’re doing with lenders and borrowers. You can see funding created for that particular borrower for particular lenders, that’s the great thing about P2P and what we do.
“We’re keen to keep that going and will take our time to get the right borrowers for our lenders and it’s really important we are always looking at risk but putting up businesses that match and meet our requirements and criteria we set.
“We’re looking at cashflow lending and acquisition finance and hope to have more coming our way. There are lots of opportunities, we’re looking very strong and have to see how much lending capacity we have.”
Marsh said that the ArchOver team will continue working from home until all the staff have been offered the first dose of the Covid-19 vaccine.
Read more: ArchOver introduces earlier project alerts
“I think people should be able to stay at home if they have not had the vaccine yet,” she said.
“I think we’ll stick with home working until the end of the summer when the team has been offered the first dose of the vaccine, if the country can keep to the roadmap laid down.
“We have to play each month and week as it comes. We’ve gone through such a change in our business, we may as well see it through and make sure all our staff come back fit and well. I think everyone will return full speed into the office in January 2022 if the country keeps to the roadmap.”