daveb
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Post by daveb on Oct 29, 2018 21:22:05 GMT
Apologies if this has been discussed elsewhere, or this is the wrong place. I see on Seedrs equity crowdfunding site a pitch by Orca, who apparently are going to launch a platform to integrate with other P2P platforms as a kind of supermarket. AC is one along with 4 others that I don't use. I can't really understand their proposition and don't feel tempted by it. On trying to search this forum there are a few mentions of Orca in their previous incarnation. Does anyone see a place for this development? Not sure how much non-users of seedrs will be able to see.
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bigfoot12
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Post by bigfoot12 on Oct 30, 2018 9:05:20 GMT
If you want to discuss investing using Seedrs into Orca then you should probably get this thread moved into the equities section. The valuation doesn't seem as insane as many in this space, but it isn't for me. I'm not sure that revenues will grow as quickly as they hope. Even if they get some initial success, who is going to pay them 0.65% to invest in Landaby when going direct is pretty easy.
If the proposition you don't fancy is being a customer of Orca then one advantage would be if they can offer an ISA you could easily split it across multiple platforms and move within those platforms without going through the tortuous transfer process. However, they say that (having an ISA product) is going to be difficult. Without an ISA I can't imagine using them, but then I guess that I am not the target customer. (I already have accounts with 3 of their 5.)
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Post by jordan on Oct 30, 2018 10:27:29 GMT
Hi, Just picking this up, I'm Jordan, one of the co-founders of Orca. Firstly, thanks for the comments daveb and bigfoot12. Breaking down a couple of the points: "I see on Seedrs equity crowdfunding site a pitch by Orca, who apparently are going to launch a platform to integrate with other P2P platforms as a kind of supermarket" - We are raising on Seedrs, this campaign is set to close at the end of the week. In terms of launching the aggregator (platform), we have already launched this and are seeing good signs of traction, but are conscious many P2P forumites may struggle with the types of lenders and the fee. Our product roadmap will hopefully increase value to investors such as yourself, which ties in with my response to bigfoot12"one advantage would be if they can offer an ISA you could easily split it across multiple platforms" - We are looking into launching an ISA. Forumites will be informed as and when this progresses. We see this as a major development in the market.. "(I already have accounts with 3 of their 5.)" - We are looking at integrating with more lenders over the coming months. Are there are specific lenders you're keen to see integrated with our platform (if our solution is of interest at all)? There's more info about our development plans on the Seedrs page, but feel free to get in touch if you want to hear more. Cheers, Jordan |
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aju
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Post by aju on Oct 31, 2018 0:04:09 GMT
As Jordan says many of us on here, i'd say the majority, would probably not fit the orca model - so to speak - but I do wish that Zopa and I'm guessing many of the other big players would take a leaf out of Jordan's book and become a lot more helpful and reactive on these forums instead of occasionally, and I mean very occasionally, lurking in silent mode.
I know Orca is in "building client portfolio" mode but Jordan is always very responsive to say the least.
I'm a bit wary of the aggregations area, I know there are clear rules etc but I'm not comfortable giving 3rd parties my details. It's bad enough the banks and other organisation seem unable to look after the data they already have let alone then having all my data!. The term "hell freezing over" springs into my mind ...
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Post by jordan on Oct 31, 2018 9:54:51 GMT
As Jordan says many of us on here, i'd say the majority, would probably not fit the orca model - so to speak - but I do wish that Zopa and I'm guessing many of the other big players would take a leaf out of Jordan's book and become a lot more helpful and reactive on these forums instead of occasionally, and I mean very occasionally, lurking in silent mode. I know Orca is in "building client portfolio" mode but Jordan is always very responsive to say the least. I'm a bit wary of the aggregations area, I know there are clear rules etc but I'm not comfortable giving 3rd parties my details. It's bad enough the banks and other organisation seem unable to look after the data they already have let alone then having all my data!. The term "hell freezing over" springs into my mind ... Appreciate the kind words aju we try and keep on top of the Forum as best we can - surprises me that other platforms (larger ones) don't have a dedicated resource that responds when their investors participate here! Despite your reservations about aggregators in general, is there anything that would change your mind? Perhaps to do with product features (specific lenders, rate, ISA etc)? Or is it simply just not a structure you're comfortable enough with yet? Always useful feedback 
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aju
Member of DD Central
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Post by aju on Oct 31, 2018 13:03:57 GMT
As Jordan says many of us on here, i'd say the majority, would probably not fit the orca model - so to speak - but I do wish that Zopa and I'm guessing many of the other big players would take a leaf out of Jordan's book and become a lot more helpful and reactive on these forums instead of occasionally, and I mean very occasionally, lurking in silent mode. I know Orca is in "building client portfolio" mode but Jordan is always very responsive to say the least. I'm a bit wary of the aggregations area, I know there are clear rules etc but I'm not comfortable giving 3rd parties my details. It's bad enough the banks and other organisation seem unable to look after the data they already have let alone then having all my data!. The term "hell freezing over" springs into my mind ... Appreciate the kind words aju we try and keep on top of the Forum as best we can - surprises me that other platforms (larger ones) don't have a dedicated resource that responds when their investors participate here! Despite your reservations about aggregators in general, is there anything that would change your mind? Perhaps to do with product features (specific lenders, rate, ISA etc)? Or is it simply just not a structure you're comfortable enough with yet? Always useful feedback I say it the way i find it and it surprises me that companies seem to have a less interested side to them always bothers me that they have more to hide. To be honest aggregation is not something I would need as I have my own spreadsheets and management tools and it keeps me active, also I only have one P2P at present and am not in the market for anymore as yet, things do change over time and I'll be happy to revisit when they do. The main thing is I like to be in control from my control centre not have to go somewhere else that I cannot control with changes that I don't agree with as the reason for existence changes along a company path. Mind you I'm not sure I would ever be comfortable with my info being shared in this way its bad enough that my info gets shared as much as it does without my permission.
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