The office will give the P2P platform a base to support its clients from across the Midlands.

David Newton has been appointed to head up the office.

He began his career as a chartered accountant at Ernst & Young, before undertaking a corporate finance and investment banking career in London, specialising in the provision of finance for SMEs and growth companies.

David also served as the CEO and CFO at an AIM-listed international mineral company with operations in the USA and Mexico, before moving back to the West Midlands, where he held roles including the finance director of a software and SaaS business and corporate finance director at a Birmingham-based advisory firm.

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Commenting on the expansion, Angus Dent, CEO at ArchOver (pictured above), said that this was the first step on the road to national expansion for ArchOver.

“We have long supported Midlands SMEs that struggled to secure traditional finance, so opening our first regional office in Birmingham was a natural choice.

“The region’s many businesses in the manufacturing and supply chain sectors will also enable us to grow our strong portfolio of SMEs in these industries.”

David added: “Enabling local SMEs to access the funding they need to grow through ArchOver will boost an already thriving business landscape.

“I’m excited to be part of that process and am delighted to be supported by such a strong ArchOver team in London.”