Seeking investment

Soar is a FinTech focused on impact. Through the right technology, the right digital channels and an easy to use platform, Soar empowers ethical financial institutions to grow, operate efficiently, and compete more effectively in the financial services market.

We currently provide credit unions with an affordable way to join the smartphone revolution safely and securely through our must-have mobile technology and an advisor portal that supports back-office operations.

Our customers exist for social impact and on the whole, are owned by their members and run to the benefit of their communities. By using Soar, ethical institutions are able to compete with retail banks, loan sharks and payday lenders.

Rather than playing catch-up with other parts of the financial services sector, our technology helps them leap ahead – enabling them to be attractive challengers in the market whilst continuing to have a positive impact on their communities.

Soar is designed to enable those in the ethical finance sector to better meet the demands of their communities and to prosper all while making their world simpler. We help them reach tomorrow’s members, today.

Soar is a spin out from the November Twenty One Group which includes SwarmOnline, an enterprise mobile and web application software development company based in Edinburgh.

Soar was formed in 2017 by award-winning Scottish entrepreneur, Andrew Duncan. While leading Swarm, Andrew was approached by a number of credit unions to build them a mobile banking app. After researching this market further, it was apparent that this type of technology was really lacking in the ethical sector.

From this realisation, Soar was formed, and we have been working with ethical institutions ever since to build a better financial society where credit unions, building societies and responsible lenders can gain access to innovative technology.

The planned management team behind CU Soar has a wealth of tech start-up and credit union sector experience that will ensure the success of the company. The management team is shown below.

Andrew Duncan – Executive Chairman

Andrew is an award-winning entrepreneur and is the founder and owner of several successful technology businesses including SwarmOnline and November Twenty One Group. Andrew is recognised as one of the prominent authorities on mobile application development in the country.


Alison Dowling – Consultant Advisor

The business is managed by Alison Dowling. Alison has spent many years setting up, managing and supporting credit unions across Scotland. Alison is a well-known and well-connected figure in the UK credit union sector across the UK.


Eva Luckhiram – Chief Product Officer

Eva brings several years of software product design and development to the role. Eva has extensive experience of managing teams of developers working towards meeting clients’ goals.


Paul Theurer – Chief Technology Officer

Paul is an experienced software engineer and technologist. Paul has been instrumental in the design and build of the CU Soar mobile application.


Gary Collins – Business Development Manager

Gary has a background in customer relationships in banking with Clydesdale Bank and Royal Bank of Scotland. Gary is focused on building the customer base and has already secured several customers for CU Soar including Glasgow Credit Union, one of the UK’s largest.


Laura Hillhouse – Marketing Manager

Laura joined the Soar team at the end of 2018 and has been working to improve the visibility and reach of Soar in both the ethical banking and the Scottish FinTech markets. Having previously led marketing projects for another technology start-up and in the finance industry, Laura has a vast knowledge of planning and implementing marketing strategies for fast-paced businesses.


  • Funding Stage Post-seed
  • Trading for 1-5 years
  • Employees 11-50
  • Sector Institutional tool
  • Valuation £1m - £2m

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