Orca launches P2P due diligence platform for advisers

The platform will allow users to perform "in-depth due diligence" on P2P investments and benchmark them in a similar vein to traditional asset classes to make "risk-adjusted, informed investment decisions or recommendations", it said. It will also provide P2P investment and market data on interest rates, default rates, bad debt rates and platforms' financial understanding. Despite expecting an estimated 2.7 million people to be investing in P2P by 2020, CEO Iain Niblock said there has been "virtually no uptake" by financial advisers since the products were brought under the regulatory...