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
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
Orka also provides tech solutions for shift workers with products including labour-as-a-service platform Orka Works, and earned wage access solution Orka Pay
Launched last year, Orka Pay enables shift workers at partner organisations to withdraw up to 50% of their wages as soon as they have earned them
This year, the company will launch its third core product, Orka Check, to improve the process for worker background checks
