Partner - coface

coface

Coface is the second largest globally operating domestic and export credit insurer, providing solutions to companies to protect them against the risk of financial default of their clients. Financial default by clients is cited as the leading cause of loan default in the UK.

Coface and ArchOver have formed an exclusive P2P partnership to create future protection of up to £500m in 2016. The arrangement enables ArchOver to have the appropriate level of lender cover in place for its portfolio of loans to protect investors. The overall effect reduces both time and cost to the borrower but each loan application still satisfies the rigorous initial and ongoing credit analysis processes of both ArchOver and Coface. ArchOver also has real time access to risk data and protection levels against each client.

The detailed information on companies and markets held by Coface helps ArchOver to on-board good quality borrowers and supports our monthly risk monitoring of all loans over their term.