Update... 3rd June 2022... ORCA IS CLOSING DOWN! This offer is no longer valid as Orca is closing down!
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What do Orca say about their closure?
Here is copy from the email I just receieved:
“We are really sad to announce that we are in the process of gradually closing down our business. This means we can no longer accept new customers and our existing customers can transfer to a new provider (ISAs only) or sell down their positions and transfer their money back to their accounts.
Your money and assets are safe.
During this process your money and your stocks are securely held by your custodians, so there is no need to worry about not being able to access them. Please feel free to withdraw and close your account as soon as you want. If you have an ISA, please open an account at a new ISA provider and transfer your ISA to them.
If you have not sold down your stocks and transferred your money back to your bank accounts by 02-July, we will do this on your behalf.
Please see our Closing Down FAQ for details on what is happening, how long it will take and how it will affect you.
If you need to contact us, you can do so through our customer support function within the app as normal.
In order to support you in your investing journey we are arranging for a special offer from another share trading app. We’ll send information on this to you next week.
Please note that as per Section 1, 17.3 of the Orca Terms Of Service, we are giving you notice of the termination of the agreement between you and Orca. The Terms of Service will terminate with effect 02-July-2022.
A personal note from Denis and Fedor, the founders of Orca:
You are the person who has supported the idea to create the coolest investment app, and for that we are eternally grateful. You know better than anyone how fast we are growing, how the product has developed, how much we have managed to do so far, and how many plans we have ahead.
Our latest plan was to raise funding that would allow us to make our goals come true but with the Russian invasion of Ukraine a lot changed and it proved really hard to get that funding in. But we don’t stop working to make it happen.”