# Archover Gains Membership To Asset Based Finance Association
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-06-24
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: ArchOver joins ABFA after full FCA approvals
Meta Description: Discover how ArchOver's inclusion in the ABFA solidifies its position as a leader in P2P lending, offering secure financing solutions for mid-market
URL: https://financedigest.com/archover-gains-membership-to-asset-based-finance-associationhtml

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/wm2a7886-1535-1736843721248-compressed.jpg)

_ArchOver joins industry body for asset-based financiers following full FCA approvals_

ArchOver, the peer-to-peer (P2P) business [lending](https://www.financedigest.com/peer-to-peer-lending-how-to-use-p2p-lending-for-loans-and-investments.html) platform, is announcing that it has been awarded membership of the Asset-Based Finance Association (ABFA), the trade body for invoice finance and asset-based lending. Coming shortly after it received full FCA approvals last month, ArchOver’s inclusion as part of the ABFA reinforces its reputation as one of the young P2P sector’s most security-focused and well-established players.

The ABFA represents over 95 per cent of the UK and Irish asset-based finance market, working to set and maintain ethical standards within the industry. ArchOver’s Secured & Insured and Secured & Assigned lending models make it a natural fit for the association, emphasising lender security with an all-asset charge, an [in-depth credit analysis](https://www.financedigest.com/camphor-market-in-depth-analysis-growth-strategies-and-comprehensive-forecast-to-2030.html "Camphor Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2030Camphor Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2030"), monthly monitoring, insurance policies and a rapid dispute resolution service for borrowers.

With the membership secured, ArchOver is well-placed among [P2P lenders to serve mid-market businesses looking for up to £10m in loans](https://www.financedigest.com/peer-to-peer-lending-how-to-use-p2p-lending-for-loans-and-investments.html "Peer-to-Peer Lending: How to Use P2P Lending for Loans and Investments"), with over £37m already funded. The company’s record of no borrower late payments, no defaults and no [losses over the past three years](https://www.financedigest.com/russian-stocks-to-pare-some-heavy-losses-by-year-end-reuters-poll.html "Russian stocks to pare some heavy losses by year-end – Reuters poll") demonstrates that it is able not only to deliver for investors but also to provide a highly beneficial service to borrowers.

“With our FCA approvals still hot off the press, we’re delighted to have been accepted as part of the ABFA,” commented Angus Dent, CEO at ArchOver. “We look forward to [working with our peers in the sector to build on our successes](https://www.financedigest.com/how-to-make-hybrid-working-successful.html "How to make hybrid working successful") in the SMB lending space and provide our lenders with top-flight security. As part of the ABFA we will [continue to connect UK businesses with the essential funds they need to grow](https://www.financedigest.com/continuous-innovations-and-growing-urbanization-to-amplify-sales-of-privacy-screens-market-fact-mr-report.html "Continuous Innovations and Growing Urbanization to Amplify Sales of Privacy Screens Market: Fact.MR Report"), and work to maintain our zero per cent default rate for lenders.”

“The ABFA exists to ensure that our members treat clients fairly and embrace the principle of professional conduct in their business,” said Jeff Longhurst, CEO of the ABFA. “We are very pleased to welcome such an [innovative finance](https://www.financedigest.com/innovations-in-finance.html "Innovations in finance") provider as Archover as one of our first fintech members.”


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---