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.
Business owners and entrepreneurs may have many similarities but there are several key differences too - here, we take a look at some of those
Trust Keith is a startup that is on a mission to simplify data protection by creating a global data protection solution that is wholly founder-centric
Insights from our panel event with Insurtech Gateway on how re-framing your business as an insurtech could unlock your business' true potential
Applications still open for The Debut Sessions Christmas Pitch comp with the opportunity to win a Term Sheet for a £100,000 SEIS investment
Primer, the innovative fintech that helps merchants consolidate their payments stack through its low-code infrastructure and online checkout API secures a £14 million Series A funding round, led by Accel
Ryan Roddy, Derry native and student at De Montfort University wins the Prospect 100 global sneaker design competition with his military inspired corkscrew sneaker
The Limerick-based startup that can perceive, predict and prevent automotive accidents in real-time using proprietary long range imaging sensors & AI on-the-edge
Insights from a discussion with Speedinvest, Amplifier, La Famiglia and Redstone, four of Europe’s leading early stage venture funds, on current VC funding for female founders and what changes are needed
Carverter is an online platform that’s on a mission to help us all to switch to greener cars sooner, by providing independent advice and comparisons in one handy place
Effective branding should reflect your business and what you're about - this advice and these tips will help you ensure that it does just that
Published on: 18th September 2018
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Insurtech Gateway Panel event - Could insurtech unlock your business? 1st Dec 2020 Insights from our panel event with Insurtech Gateway on how re-framing your business as an insurtech could unlock your business' true potential
- UK-based startups sought for The Debut Sessions Christmas Special 1st Dec 2020 Applications still open for The Debut Sessions Christmas Pitch comp with the opportunity to win a Term Sheet for a £100,000 SEIS investment
- Primer secures £14 million Series A funding 30th Nov 2020 Primer, the innovative fintech that helps merchants consolidate their payments stack through its low-code infrastructure and online checkout API secures a £14 million Series A funding round, led by Accel
- Derry student wins Prospect 100's global sneaker design competition 30th Nov 2020 Ryan Roddy, Derry native and student at De Montfort University wins the Prospect 100 global sneaker design competition with his military inspired corkscrew sneaker
