Archover are small with an attractive proposition, high rates (6-8%) with the double security of collateral and loan insurance.
However the website is simplistic and the back office processes are not connected or real time, all deposits are via direct bank transfer, and to a different account for each loan which is cumbersome.
So far no losses have been incurred, so collateral and insurance processes are untested!
Only for sophisticated investors.
Reviewed on: 2nd June 2016
