4 years ago

Orka Technology Group Secures £29M Funding to Expand Worker Tech Solutions

  • Orka Technology Group, a Manchester, UK-based worker tech startup, raised £29m in funding

  • The round was a mixture of debt financing from Sonovate and equity funding involving the British Business Bank Future Fund and existing investors, including former UK CEO of Adecco Peter Searle

  • The company intends to use the funds to double headcount to 50 in 2021 and accelerate rapid growth of earned wage access product Orka Pay.

      • ProblemFinancial Services

      "many shift workers rely on high-interest loans or credit card debt to get by between paychecks"

      Solution

      "Orka Pay allows shift workers to withdraw up to 50% of their wages as soon as they earn them, eliminating the need for high-interest loans and credit card debt"

      Covered on