Orka secures £29M funding, Manchester tech startup offers advance payment platform for shift workers

Based out of Manchester, Orka provides smart, tech-based solutions for shift workers accounting for 85% of the global workforce and their employers. The company makes their lives easier and removes barriers by providing tech solutions for shift workers with products, including labour-as-a-service platform Orka Works and earned wage access solution Orka Pay.

Focuses on growth of Orka Pay

In a recent development, Orka Technology Group raised £29M funding. This 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. With this, the overall funding raised by the company totals £31.5M.

Orka will use the capital to fuel the rapid growth of its earned wage access product Orka Pay. Furthermore, the company will focus on doubling its headcount to 50 in 2021 and invest in its full portfolio of tech solutions for shift workers, including its flagship product – Orka Works.

The funding round comes soon Orka was named in Tech Nation’s Upscale 6.0 programme, which is reserved for the leading scaleups in the UK.

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