Until now, Orka Ventures has focused mainly on providing web-based consumer loans. However, with changing consumer demand for more agile service delivery and Orka Ventures’ evolution into a neobank, it will now leverage agile modular processing and compliance capabilities from Enfuce to launch card services across its European markets. With these new capabilities, the Orka Card will enable customers to integrate their existing bank accounts in one card and app.
The Orka Card will also incorporate Orka Ventures’ Pay Now Finance Later (PNFL) programme. Customers will be able to choose to refinance a transaction that was originally executed through other debit and credit cards. This is a new take on BNPL lending.