Fin tech com­pany raises nearly £300k while 3 d imag­ing com­pany ex­pands

Belfast Telegraph - Business Telegraph - - News - BY STAFF RE­PORTER

A NORTH­ERN Ire­land fi­nan­cial ser­vices firm has raised £280,000 in sup­port from an­gel in­vestors.

Orca Money, which is based in Belfast, said it will use the funds to build peer-to-peer (P2P) lend­ing fi­nan­cial me­dia site Orca Re­tail, which was launched last year.

The com­pany, founded by Iain Ni­block and Jor­dan Sto­dart, was in­cor­po­rated in 2015.

The busi­ness then joined tech ac­cel­er­a­tor Start Planet NI in Belfast, lead­ing it to come to the at­ten­tion of Tech­start NI — which led the fund­ing.

Mr Ni­block said: “Peer-to-peer of­fers in­vestors higher, more sta­ble re­turns. It’s an as­set class knock­ing on the door of be­ing main­stream, with mas­sive growth po­ten­tial through the In­no­va­tive Fi­nance ISA. We’re ex­cited to be de­vel­op­ing tools to help in­vestors and in­de­pen­dent fi­nan­cial ad­vis­ers ben­e­fit from P2P and the in­vest­ment in our busi­ness will help us to con­tinue to grow.”

Peer-to-peer lend­ing is one of the fastest-grow­ing sec­tions of the al­ter­na­tive fi­nance mar­ket and is worth around £3bn a year in the UK.

It en­ables in­vestors to put money into se­cure and un­se­cured loans, while con­sumers can bor­row money for their needs, and busi­nesses for pur­poses such as prop­erty.

Mean­while, a busi­ness spe­cial­is­ing in 3D print­ing for health­care has moved to a new of­fice in Belfast. Ax­ial 3D said its mod­els can be used to help un­der­stand ill­nesses, and make pre-op­er­a­tive plan­ning eas­ier.

The firm is able to send anatom­i­cal mod­els around the world within a 48-hour win­dow and has now taken on three new staff.

Growth po­ten­tial: Iain Ni­block

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