Orca founder secures new role at Money Dashboard
Orca Money founder Iain Niblock has secured a new role just a month after his peer-to-peer investment aggregator and Innovative Finance ISA (IFISA) was closed.
Niblock is now product manager for budgeting app Money Dashboard.
The app lets users view all their accounts in one place, track spending and work out how much they can afford to save.
Orca was founded by Niblock (pictured) and Jordan Stodart as a P2P research firm in 2015, before expanding into an investment platform in 2018 and launching an IFISA in 2019 that invests across a range of P2P platforms.
Stodart left in March 2019, leaving chief executive Niblock to run the business.
It entered wind down in April, citing regulatory changes and a shift in market sentiment.
Orca is now in liquidation, with all known creditors either in the process of or paid in full.
Companies House documents show the company closed with £61,526.37 in the bank and was owed VAT of £1,000, giving it assets of £62,526,37.
There are no unsecured creditors listed and the only liability is the £6,498.88 cost of liquidation.
This has left a surplus of £56.027.49.