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.
Got a business in the manufacturing sector? These tips on how you can reduce energy costs while being more sustainable are well worth a read...
 Daniel Dierkes, David Schara, and Maximilian Geißinger 2.jpeg)
Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.
Nassia Skoulikariti, Director of IoT Programmes, Mobile Ecosystem Forum shares some insights on how IoT is having a significant impact on all our lives.
.jpg)
Roger James Hamilton, Founder and CEO of Genius Group, a world-leading entrepreneur Edtech and education group, discusses how introducing a globalized curriculum will help better prepare students.
SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.
41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.
Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.
Thingtrax Secures £4.3M to Empower Manufacturers to Build the Factories of the Future
A measure of inflation relief for small firms sees transport costs fall but service price increases remain elevated
Bedfordshire-based HR tech startup HR DataHub has built a range of tools for HR departments
Published on: 18th September 2018
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- SureIn Secures €4M to Close the SMB Insurance Gap 15th Aug 2023 Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.
- SuperFi raises $1M pre-seed funding round 28th Jul 2023 SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.
- Startups rely on AI & sustainability for new partnerships 27th Jul 2023 41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.
- Another Round closes £300k Seed round to revolutionise personal training 21st Jul 2023 Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.
