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Archover Gains Membership to Asset Based Finance Association
ArchOver joins industry body for asset-based financiers following full FCA approvals
ArchOver 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, 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, with over £37m already funded. The company’s record of no borrower late payments, no defaults and no losses over the past three years 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 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, 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 provider as Archover as one of our first fintech members.”
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The Rise of Private Credit and the Need for Flexible Loan Servicing
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88% of UK Customers Would Switch Banks Due to Financial Crime Failures, ThetaRay Report Finds
ThetaRay, a global leader in AI financial crime compliance, today released The ThetaRay UK Banking & Fintech Trust Report 2026. The findings, launchedon the eve of The Global RegTech Summit, reveal a systemic shift in consumer behavior: 88% of UK customers are prepared to abandon their primary financial institutions over failures in preventing money laundering or terrorist financing.
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Equifax and Mifundo Open Access to Brazilian Credit Data for European Banks
Mifundo, a pan-European credit data platform, has integrated credit data from Equifax BoaVista, subsidiary of Equifax Inc. in Brazil, enabling European banks to access verified Brazilian credit information as part of their credit assessment processes.
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