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NI startup Orca Money raises over £500,000 ahead of upcoming ISA

  • Northern Ireland based financial tech startup Orca Money has raised £574,280 in equity funding to help fund its ambitious ISA launch next year.

    FinTech startup Orca Money was incorporated in 2015 and is based in the Ormeau Baths building in Belfast, where the team has worked to put together an innovative peer-to-peer investment network that merges multiple peer-to-per lending platforms with a friendly web-based front-end and dashboard.

    Orca has now announced that it's raised £574,280 in equity funding, with notable investors including Techstart NI, Clarendon Fund Managers, and Scottish angel investment network ESM Investments, and over 400 individual investors via crowdfunding platform Seedrs. The funding will enable Orca to take on its ambitious plans for 2019, with aims of launching a multi-platform ISA early next year.

    "We’re delighted with the success of our recent funding round, particularly the response from the crowd who really got behind us," said Orca CEO Iain Niblock, adding that "2019 will be a landmark year for Orca as we roll-out new products to fulfil the needs of investors. The Orca ISA will be the first multi-platform ISA of its kind, combined with the launch of our Self-Select portfolio builder, we are confident that Orca can develop into the go to platform for peer to peer investing."

    Source: Orca Money press release

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    Brendan is a Sync NI writer with a special interest in the gaming sector, programming, emerging technology, and physics. To connect with Brendan, feel free to send him an email or follow him on Twitter.

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