P2P lending app Orca has sailed past its £500,000 target for its crowdfunding campaign.
The company has raised £534,074 in the sale which is being conducted through the Seedrs platform.
There has been 23.39 per cent of Orca’s equity which has been deployed to the 336 investors that took part in the round. A pre-money valuation for the company has been established at £1.7m.
UK-based Orca is an online peer-to-peer lending platform which can offer users the ability to invest across a variety of platforms from a single location. Through the aggregator, users can invest in loans on Choice, LendingCrowd, LendingWorks, Landbay and Assetz Capital.
The company offers investors a cross-platform and borrower diversified portfolio, and a single platform to deposit their funds and monitor investments. Orca handles all of the admin processes on the various investing websites, creating accounts and deploying capital into loan opportunities.
Earlier in the week, POS feedback solution TruRating surpassed its crowdfunding target which is also being held on Seedrs. The company integrates with in-store and online payment solutions and enables merchants to ask a feedback question of consumers at the point-of-sale.
Last month, fellow P2P lending platform Finzy raised $2.3m in its pre-Series A round of funding. The India-based company offers a digital platform to connect borrowers and investors, with the ability to offer personalised interest rates.
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