Overfunding: P2P Investment Platform Orca Money Surpasses £500,000 Funding Target on Seedrs

Orca Money, a UK-based P2P investment aggregation platform, has successfully secured its initial £500,000 funding target just days after launching its equity crowdfunding campaign on Seedrs.

Founded in 2015, Orca Money stated it serves two functions, which are its investment solution that enables investors to diversify capital across multiple, major UK peer to peer lending platforms, all from one place. The company noted its research service provides fact-based, no-nonsense analysis on the UK P2P market.

“Orca’s mission is to make investing in P2P as simple and efficient as possible. The Orca aggregator platform allows people to invest across multiple P2P platforms, lending sectors and a large number of borrowers.”

Orca explained that it makes money in two ways:

  • The P2P platforms pay us referral fees on each lender account that we refer.
  • The user pays us a % of the invested funds on an annual basis.

Orca also revealed that for two years it has provided market leading research on the P2P market, which has built an organic user base of P2P investors (avg. 6,000+ monthly web sessions and 2,000+, compliant subscribers). The platform noted it currently integrates with 5 UK P2P platforms with 11 more in the sales pipeline.

Recently, Orca Co-Founder Jordan Stodart shared with Crowdfund Insider via email

“Seedrs is the right choice for Orca, the platform offers us exposure to a network of investors who are financially savvy and should be able to grasp the concept of our business with relative ease. The size of the crowdfunding platform’s network should play an important role in us exceeding our target fundraise. It’s just the start, but we’re excited to see how things progress.”

Funds from the Seedrs round will be used for the following:

  • Grow our customer base
  • Integrate with more lenders
  • Enhance product features
  • Further develop Orca’s research service
  • Build the product for European expansion

The funding round is currently set to close later this Fall.


Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!



Sponsored Links by DQ Promote

 

 

Send this to a friend