Grant helps fintech disruptor Soar

21 May 2019

A £450,000 grant from Scottish Enterprise is helping Glasgow based fintech disruptor Soar develop a cloud-based, fully-integrated banking platform for credit unions and other not-for-profit banking organisations.

The grant has led to the creation of 15 additional jobs - bringing Soar's total headcount to 22 - allowing it to target new overseas markets including Ireland, Germany, the USA, Canada and Australia.

Soar's new software will be the first of its kind, allowing ethical banking institutions to analyse and manage data more effectively and securely, use artificial intelligence, make better and faster loan decisions and offer state-of-the-art online and mobile banking products to their members.

Public Finance and Digital Economy Minister, Kate Forbes is pictured with Soar's Eva Luckhiram on a recent visit to the company's Glasgow office where she met the team and representatives from credit unions.

She said:  "Projects like Soar's help sustain Scotland's international reputation for innovation, moving us closer towards achieving an even more elevated status in the global innovation sector."

Established just over a year ago, Soar has grown rapidly, already developing a successful mobile banking app for credit unions, helping them to stand out in an increasingly competitive market.