Glasgow Fintech Soar Relocates Office Amid Ongoing Expansion
Soar founder Andrew Duncan believes the relocation will prove to be an important factor in helping attract new talent into the business.
Ethical fintech disruptor Soar has relocated to a new office space in the centre of Glasgow amid an exciting period of expansion.
Soar is currently based at Pacific Quay, but will now take up two floors at a new site on Gordon Street on a five-year lease.
The company, which recently scooped up two accolades at DIGIT’s inaugural Scottish Financial Technology Awards, provides banking technology to credit unions and not-for-profit banking organisations.
Soar was founded in 2017 by technology entrepreneur Andrew Duncan, who also founded mobile technology business SwarmOnline.
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Commenting on the move, Duncan said: “This move not only gives us an extra 1,000 sq ft of space as we grow but actually cuts our costs as well. These factors, allied to easier access to the city’s professional services community and quicker transport links to Edinburgh, made it an easy decision to make.”
The move will also see SwarmOnline staff transfer to work out of the Edinburgh office, with Soar based solely in Glasgow from here onward.
Duncan added: “The move has been welcomed by the team as it means better public transport links and recreational opportunities on our doorstep. The culture of my businesses is important to me and we felt a bit out on a limb at Pacific Quay.
“Some of the team were limited with transport options, but I think we’ve got it just right with our move to the city centre.”
The office move marks another exciting development for the ethical fintech. Earlier this year, Soar was awarded a research and development grant of £450,000 from Scottish Enterprise to help it expand into international markets and to grow its team.
Duncan believes the relocation will prove to be an important factor in helping attract new talent into the business.