Archover is a peer to peer business lender that specialises in business loans secured against Accounts Receivables (‘Secured & Insured’) or contracted recurring revenue (‘Secured & Assigned’).
The peer-to-peer lending platform reported an operating loss of £648,579 for the 12 months ending 31 December 2021. By contrast, during the 12 months ending 31 December 2020, the platform made a loss of £534,996.
However, for the fourth consecutive year, ArchOver grew its lender base and loan volumes organically.