Latest / London Fintech Podcast
LFP029 – Secured & Insured Lending/Borrowing with Angus Dent CEO ArchOver
New entrants into Fintech need a twist. ArchOver has an innovative (a word oft used but rarely accurate) and very interesting innovation of combining Credit Insurance with Secured SME marketplace lending. Additionally they innovate by not just using single invoices as security (which is common) but by the whole set of invoices (ie "accounts receivable"). This model they call "secured and insured" - a real belt and braces. In a marketplace which, post Lending Club IPO has been characterised by a dash for asset growth it is very refreshing to see a P2P that is focused on minimising Lender Risk…
The skinny
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