Evolution of SoMo
Take a look into how we evolved into the SoMo brand.
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2014
May Social Money creates the aim of using technology to help people borrow and lend safely through secured bridging loans.August Social Money employees its first member of staff.September Social Money platform (BridgeCrowd) launches.October UK’s first platform dedicated solely to secured bridging property loans. -
2015
January Social Money takes on first investor through the platform.June Team expands with strategic hires with Head of Sales and Head of Underwriting.September First £10,000,000 lent -
2016
May First UK bridging company to launch Open Bank technology to combat ID fraud.September 200th investor.November 50th bridging loan.December £20,000,000 lent. -
2017
January Team expands to 15+ people.February New HQ with larger premises.March First 50 million lent.April 200th secured bridging loan.August Largest loan approved to date £1.5000,000.September 500 investors reached. -
2018
March First network onboard.April Largest 2nd charge loan of £2,000,000.July First 80 million lent. -
2019
September 40th employee hired & new HQ moved into.November Social Money connects with institutional funding lines.December Over £120 million lent and 100% recovery rate to date. -
2020
November Launch the new SoMo brand to replace the BridgeCrowd Website.
