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

  

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• #fintech
• #orca
• #
• #edinburgh
• #seedrs
• #investment
• #equity
• #crowdfunding
• #lending
• #p2p

Published on: 18th September 2018