Up to 24 jobs are at risk after Manchester tech firm Orka Technologies called in the administrators.
Orka was backed by the Northern Powerhouse Investment Fund, as well as a £3m investment from VC investor Praetura Ventures and a £29m mixture of debt financing from Sonovate and equity funding involving the British Business Bank Future Fund.
Lisa Marie Moxon and Christopher Benjamin Barrett of Dow Schofield Watts Business Recovery have been appointed to oversee the administration of the business.
In November 2022 Orka moved into a new, 4,200 sq ft of space at the ABC Building on Quay Street in Manchester City Centre – also home to recent tech casualty Wejo.
Orka was a software as a service business that provided tech-based solutions for shift workers and their employers, helping workers find temporary employment with large organisations, and a flexible payment product that allowed workers to access 50% of their wages as soon as they’ve earned them.
Its customers included G4S, ISS and Wilson James.
