PEER-TO-PEER research provider Orca is planning a crowdfunding campaign to expand its investment service.
The group’s chief executive and co-founder Iain Niblock said its aim is to build a fully functioning aggregation platform for the P2P lending market.
It will allow users to research, invest and build portfolios while diversifying across multiple P2P platforms and lending sectors and a large number of borrowers.
The idea is to help drive more mainstream adoption of P2P lending.
Currently, Orca gives users access to five P2P lending platforms through the Orca Investment Platform.
Read more: Orca launches P2P investment platform
Orca will launch an equity investment round through the Seedrs crowdfunding platform to raise the money to improve its product features, integrate with more lenders and grow its user base.
The group is currently inviting subscribers to pre-register for the campaign before opening registration to the general public.
“Using the platform, (investors) can easily diversify across multiple P2P platforms, lending sectors and across a large number of borrowers, whilst earning the attractive, stable returns that the industry delivers,” Orca said in a note to existing users.
“The Orca Investment Platform currently has integrations with five P2P lending platforms and has experienced strong traction so far.
“To expand our customer base, deliver more value in our platform, and to integrate with more P2P lending platforms, we will soon be raising investment through Seedrs.”
Read more: Orca accepted into regulatory sandbox scheme