The fundraising was a mixture of debt financing from Sonovate and equity funding involving the British Business Bank Future Fund and existing investors. This takes the total raised by Orka to GBP 31.5 million since the company launched in 2017, as per Fintech Finance.
The start-up will use the funding to grow Orka Pay and double its headcount to 50 in 2021. The aim is also to invest in its full portfolio of tech solutions for shift workers, which includes the company’s flagship product, labour-as-a-service platform Orka Works. Orka Works (formerly Broadstone), allows workers to find flexible temporary employment with large organisations working in traditional, regulated industries such as security, cleaning, and logistics.
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