Accelerator programme to find the next Amiqus
Law firm Addleshaw Goddard has commenced its quest to discover exceptional high-growth tech enterprises to join its AG Elevate program. This program acts as an accelerator, specifically designed to facilitate the expansion of businesses in the technology sector.
AG Elevate, a rapid 10-month program, aims to propel tech enterprises from various industries forward by addressing the legal challenges that commonly arise during their growth phase.
Since its establishment in 2017, the program has successfully nurtured nearly 50 high-growth businesses. Among the select few invited to join AG Elevate in 2019 was Scottish fintech Amiqus that has since flourished tremendously. In fact, Amiqus now provides its innovative solution to Addleshaw Goddard.
Amiqus is a leading compliance platform that assists businesses in digitally managing the onboarding and compliance processes for both new clients and staff. As one of the United Kingdom's fastest-growing fintech companies, Amiqus was conceived when its CEO and founder, Callum Murray, recognised a significant market gap. He sought to provide a solution to the complex, time-consuming, and expensive compliance challenges faced by businesses across various sectors.
Today, Amiqus excels at helping regulated businesses and organisations, including law firms, overcome practical obstacles in compliance and digital onboarding of new clients and staff.
Entrepreneurs understand all too well that the journey from a groundbreaking idea to building a successful, sustainable business is riddled with difficulties and rarely follows a linear trajectory. For Amiqus, specialising in the legal sector, the opportunity to participate in AG Elevate arrived at the ideal stage of their growth journey.
Amiqus applied for a place in the program and was chosen by an impartial panel to be part of the 2019 cohort. This stroke of fortune allowed Amiqus' product to gain invaluable insights into the workings of an international law firm.
As part of the cohort, Amiqus was paired with a legal mentor and provided with a comprehensive package of legal support. Successful applicants also gain access to professional industry networks, tailored resources developed by AG, and opportunities to forge connections with like-minded individuals and businesses in the tech ecosystem.
This transformative experience began in June 2019. Since then, Amiqus has witnessed a doubling of its annual turnover and an expanded client base, which now includes some of the foremost organisations and professional services firms in the country. Additionally, Callum has recently been nominated as a regional finalist for EY's Entrepreneur of the Year award.
Callum Murray, CEO of Amiqus, expressed his gratitude for the Elevate program, stating,
"The Elevate program not only provided us with invaluable support and insights but also connected us with a fantastic peer cohort of high-growth companies from across the UK. It's truly the icing on the cake to come full circle and now support Addleshaw Goddard with our software, particularly in the field of law and technology."
Dave Anderson, co-lead of the AG Elevate program and Addleshaw Goddard Partner who served as a mentor to Amiqus during the accelerator, commented,
"It's wonderful to witness another success story emerging from the program, and notably, the first where AG has become a client. Callum and his team have thrived, and it's fantastic to see AG Elevate playing a small role in their journey. Our team of legal mentors possesses a comprehensive understanding of the priorities and potential obstacles faced by rapidly growing tech businesses, offering AG Elevate members significant benefits beyond legal expertise."
Photo by Bakr Magrabi: https://www.pexels.com/photo/compass-on-hand-3203659/