ArchOver, a peer-to-peer (P2P) business lending platform, has become a member of UK Finance, the newly created trade body for financial organisations in the UK.

Following its acceptance into the Asset-Based Finance Association (ABFA) last month, ArchOver will represent the interests of peer-to-peer lenders in the new group.

UK Finance combines six financial trade bodies, including the British Bankers Association, CML, Payments UK and the ABFA.

“We’re delighted to take our place in UK Finance as it begins its work as the voice of the finance industry, and we look forward to representing P2P on a national stage,” said Angus Dent, CEO at ArchOver.

“As part of the association we will continue to build on our success, providing SMEs with quick, secure access to the funding they need to grow, and helping private investors make their money work for them in a challenging economic climate.”