The business hopes to use the funding to expand the size of its team and its geographical reach as well as grow its user base.
Orca launched its investment platform earlier this year in an effort to provide a solution to the complex process of building a diversified P2P investment portfolio.
- Orca launches P2P investment platform
- Orca accepted on to FCA sandbox
- Landbay closes sixth investment round on Seedrs
It is aiming to enhance its offering to include a wider range of lenders and investment options to increase the availability of choice to users.
Pre-registration is now live for the campaign, which will be open to the public with limited availability.
Iain Niblock, co-founder and CEO at Orca (pictured above), said: “Crowdfunding is a great opportunity to share our journey with our customers.
“We have kept a watchful eye on the equity crowdfunding market as it has grown in parallel with P2P lending.
“The two industries share a similar value of democratising finance and it seems only fitting that we open our investment round to the public.”
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