The year starts off with a bang as we introduce our very own high interest on-call account. This was a natural next step with our investment platform having already laid the foundations. It's just another way we're putting more money into Kiwi pockets.
What's next? There's plenty in store, so watch this space.
It's the end of an era as JB, Squirrel's founder passes the CEO torch on to our new leader, David Cunningham. JB hasn't left the building though and can still be found running workshops about the next big idea, in between brokering deals.
Speaking of buildings, Squirrel's College Hill crew moves out to join HQ in the newly renovated mega office on Sale Street. Let the good times (and office parties) roll!
Squirrel and Wellington's own iconic advisory business, The Home Loan Shop, decide to merge businesses. Because just like tomato sauce and a saussie sizzle, we're better together. Watch out Welly!
The year of the pandemic. Squirrel continued to grow, despite a year of uncertainty and turmoil we stayed true to our purpose. Growing our staff by around 50% and doubling our P2P lending, we launched some exciting new products that benefited both investors and borrowers alike including term investments into residential mortgages and bridging finance.
Squirrel was the first to offer a secondary market to their P2P investors, offering them a way to sell their investments in the marketplace allowing them to get out early if they need to. Continuing to strive to offer a customer-centric service.
Squirrel Mortgages acquires Aspire Advisers, almost doubling the size of the company overnight.
Squirrel Money peer-to-peer (P2P) lending launches. The first NZ P2P lender to be solely funded by Kiwi retail investors, lending to Kiwi borrowers. No institutions involved. Also the first to use a reserve fund to cover any losses meaning the investors get their monthly payments even if one of our borrowers misses a payment.
Squirrel takes all 27 employees on a trip to the Gold Coast, our first company conference. What goes on tour, stays on tour.
On 29th January, John Bolton (aka JB) founded Squirrel during the midst of the GFC. Never one to shy away from a challenge, JB was sick of seeing the same old issues coming up again and again for home buyers. Nobody was in their corner, everyone was working on behalf of the seller.
JB felt it was time to even up the playing field so that's what he did with Squirrel. Squirrel is all about the buyer.