ArchOver, the peer-to-peer (P2P) business lending platform, has appointed Nick Jones as Regional Director. He will be responsible for growing the business’s network of borrowers across the Thames Valley and Chiltern areas as part of ArchOver’s aim to lend more than £60 million by the end of the year. Jones will proactively identify businesses that have been trading for more than three years, have a turnover of more than £3 million and are looking for credit to continue growing. He joins an expanding team of regional representatives, with ArchOver now sourcing funding for businesses across London, the South East, the Midlands, the North and the Home Counties.

“The Thames Valley and Chilterns are hubs to some of the UK’s fastest growing businesses,” commented Angus Dent, CEO of ArchOver. “Adding Nick to our team of Regional Directors will allow us to continue building a stronger presence in areas where there is a concentration of SMEs requiring finance and fuel growth.”

Jones brings nearly 40 years’ experience in banking relationship management, and has built strategic client relationships across a wide range of industries including manufacturing, technology, international trade, engineering and automotive. Most recently, he was relationship director at NatWest and prior to that, senior manager of commercial banking at Royal Bank of Scotland Group Plc., where he was responsible for offering financial advice and delivering a high-quality experience and service to customers. As part of his role at ArchOver, he will leverage a network of brokers, professionals and consultants to meet local businesses looking to access new credit facilities.

“Nick has built a career on deep and long-lasting relationships with customers, which are essential to build trust and add to our growing pool of borrowers,” added Angus Dent, CEO, ArchOver. “It’s important that ArchOver differentiates itself by offering real value and financial help to SMEs. This latest appointment will enable us to build a strong partnership that supports our current momentum and help more businesses achieve their goals.”

“I was attracted to ArchOver because of its mission to help support the growth of British businesses across the country,” Jones concluded. “The finance world is changing and companies are looking for alternatives to the banks. With peer-to-peer lending taking a step forward, I’m excited to be joining ArchOver with a clear mandate to provide financial services that can be tailored to meet individual businesses’ needs.”