Fintech firm expands

Soar makes switch from Pacific Quay to central Glasgow

Andrew Duncan

Soaring: Andrew Duncan’s business is growing (pic: Terry Murden)

Fintech banking disruptor Soar is moving its operation to the centre of Glasgow in a move that expands its space and cuts costs.

The company, which provides technology to credit unions and other not-for-profit banking organisations, was founded by tech entrepreneur Andrew Duncan in 2017. He also founded mobile technology business SwarmOnline.

Soar has switched the Soar operation from Pacific Quay to two floors of an office in Gordon Street on a five-year lease.

Mr Duncan believes it is an important step for the business: “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.”

As part of the move all SwarmOnline staff will move to the Edinburgh office with Soar solely based in Glasgow.

Soar has received £525,000 in support packages this year and Mr Duncan believes the relocation will be an important factor in helping attract new talent into the business.

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