Orca Money has raised 280,000 British pounds ($354,425) in a funding round led by TechStart NI; the UK company provides a comparison service for investors interested in P2P investments; the funding will primarily be used for development of Orca Retail, a financial media site which it plans to open in 2017. Source
Citing increasing demand Orca has launched a new standardized investment platform that will be focused to financial advisers and broader P2P investors; Iain Niblock, CEO of Orca, stated, "Although P2P investments offer stable, predictable risk-adjusted returns and great diversification for investors, there has been virtually no uptake since financial advisers were permitted to suggest their clients consider P2P products last year."; the platform will focus on interest rates, default rates, subprime rates and a proprietary Orca scoring methodology. Source
Orca CEO Iain Niblock calls out the mini-bond market after the collapse of mini-bond provider London Capital & Finance (LCF);...
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