.gif)
P2P investment aggregator Orca raises £500k in two days
by Startacus Admin
This week (w/c 17 Sept 2018) P2P investment aggregator Orca announced that it was raising £500K on
equity crowdfunding platform, Seedrs. By the end of play Tuesday, the Fintech startup had exceeded it's campaign target.
For two years, Orca has been providing market-leading research on the peer to peer lending (P2P) sector. Their data-driven analyses and insights have supported retail investors in their due diligence of the market. In March 2018, Orca extended its services, allowing investors to research, invest, build and manage portfolios across the P2P market. Investors earn returns, diversify risk and save time.
Investors currently invest directly on P2P platforms. They are required to research the overall market, individual P2P platforms and the specific type of lending the platforms offer. If they are time poor they are likely to invest through one P2P platform, leaving them exposed to this platform and the type of lending that it offers.
Enthusiastic investors aiming to diversify their risk invest across multiple P2P platforms and have to juggle multiple logins. Portfolio management and monitoring within the sector is therefore time-consuming and painful. 
Orca's aggregator platform allows people to invest across multiple P2P platforms, lending sectors and a large number of borrowers with confidence, ease and efficiency. People can deposit funds, build portfolios and monitor their investments. This service reduces risk through diversification, delivers attractive returns and provides easy access to the market. Orca currently integrates with five major P2P lending platforms, with 11 more in the pipeline.
Iain Niblock, CEO of Orca said: “We believe that aggregation is the next logical step for alternative lending. We are concentrating on developing our product to deliver greater value to our customer-base. This includes integrating with more lenders. We’re excited for the road ahead and encourage people to come and join the Pod!”
Based in both Edinburgh and Belfast, the funds raised will now contribute to Orca's ambitious growth and expansion plans as it aims to realise its goal of becoming the hub for alternative lending.
Interested in Fintech? You might also want to read up on:
Alice offers social funding through blockchain technology
Wagestream offers employee financial wellness at a click
Countingup raises £2.3m in seed round
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Never forget someone's birthday again thanks to Prsnt, the gifting app that enables users to source and send instant presents via text!
West Cork-based startup Riley launches crowdfunding campaign to support growth of its eco-friendly period product service and hits six figures in less than 24 hours
.jpeg)
Business in the hospitality sector? Erik Wolf, founder of the World Food Travel Association shares some great advice and tips on adapting to the new normal...
.jpeg)
Raising capital for your business? Oliver Woolley, CEO and co-founder of Envestors shares insights on the real costs of doing just that...
Flexible childcare provider Bubble offering parents and carers in Greater London startups the opportunity to avail of £1000 of free childcare credits.
Small business and still a little unsure about importing and exporting to the EU? Glen Foster, small business director, Xero shares some guidance...
Innovative digital talent sourcing and on-boarding platform Gigged.AI secures investment to support further product development and team expansion
òtító is a crowdsourced platform that's created a library of factual claims that helps you steer clear of misinformation and use evidence-based information instead
The lowdown on Luminate Medical, the Galway-based startup that has developed an innovative device to prevent hair loss during chemotherapy
SEO should be a vital element of your digital marketing strategy - here's an overview of what it is, why it matters and the potential benefits it can bring
Published on: 18th September 2018
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Deeptech software startup fund launched by Lunar Ventures 15th Oct 2021 A €40M first fund has just been launched by Lunar Ventures to support the next wave of European DeepTech Software startups
- London-founded fintech 9fin Raises £8M Series A 13th Oct 2021 Innovative Debt Capital Markets Intelligence Platform, 9fin secures major funding to support its expansion into the US market
- Future of Work and Workplace Solutions sought for all-island Irish Startup Pitch Comp 8th Oct 2021 Showcase your innovative workplace solution at the Work: In Progress startup pitch competition taking place during the Work: In Progress event on 10th November.
- French startup Cala Announces €5.5M Seed Round 6th Oct 2021 Cala's mission to innovate the catering sector continues as it secures funding boost to support expansion of its fully autonomous restaurant chain
