It has been a busy few weeks at Sourced HQ recently. In between organising its most recent golf day at The Belfry, funding multiple projects, and providing support for its network, the company has also celebrated its 3 year anniversary.
Sourced, has experienced rapid growth over the past 3 years, and have now grown the network to over 100 locations across the UK. Through its peer-to-peer platform, Sourced Capital has raised over £5 million for property projects – which is an increase of 726% on the previous year.
Introducing new Operations Director, Stephen Wallis
Sourced has also grown its team this year, taking on eight new employees, despite COVID-19. One of its new members is FinTech expert, Stephen Wallis, as Operations Director. Stephen brings a wealth of Financial Services and more recently, FinTech, experience to the team – with a career spanning Banking, Payments, Consumer Lending, and Peer-to-Business lending all the way up to Executive and Board level. He is a qualified Risk professional and has a deep knowledge of operations at a large multi-national and SME level.
Stephen had this to say about his appointment: “I’m extremely excited to join the Sourced Capital team at such a great point in their journey. I’ve been actively investing in the property peer-to-peer market for a few years and can see the huge potential in front of us, especially as investors look for better security and tax efficiencies from their investments – as well as its property network’s ability to take advantage of the recent changes to certain UK planning rules.”
But what’s next for Sourced? Well, the company has just launched a new arm of its business, Sourced Partners. Sourced Partners is a new franchise model that will purely focus on HMO properties and launched just last week. In addition, Sourced is looking to recruit even more new employees in the coming months to help grow the business.