Amiqus Resolution Ltd (“Amiqus”), the Edinburgh-headquartered startup that develops software making it easier for people to access professional services has attracted an investment from San Francisco-headquartered Fifth Era Fund thought to be in the area of £450,000.
The firm has also won a string of new clients during the second half of 2017.
Amiqus’ first product, Amiqus ID makes client intake and onboarding compliance simple, efficient and secure for regulated professions and is timely as data privacy legislation GDPR becomes a hot topic alongside broadening regulation and oversight from the FCA as the new OPBAS regulator comes into force in early 2018.
Following consistent growth and engagement with the startup and tech ecosystems around Scotland, law firm Thorntons LLP, one of Amiqus’ recent client wins, is now working closely alongside the team and the Amiqus ID client intake and onboarding compliance product is being integrated with their systems.
Alistair Lang, Partner at Thorntons, commented: “In a competitive marketplace primarily of data aggregators and resellers, Amiqus ID stands out with an incredibly strong team for an early stage company, with a robust product, excellent market opportunity and the company’s values as a whole: valuing client trust and data privacy as paramount while keeping focus on their mission to improve access to justice, something as a firm we clearly align with.”
“By verifying clients and handling compliance online in a matter of minutes in a secure encrypted process, Amiqus ID is reducing time-consuming paper-based compliance work to a minimum whilst vastly improving client experience’. We’re delighted to work with and support the company as they continue on their growth journey.”
Founded by CEO Callum Murray and a group of domain experts in 2015, Amiqus reached a revenue-generating position within its first twelve months. The Amiqus team, based between Edinburgh, London and Cambridge, currently numbers 16 with continued growth planned for 2018.
Callum Murray said: “It’s encouraging to see the traction we’re making across professional services sectors in the UK. We’re building a strong client and revenue base early with our first product, whilst staying true to our values, a trend which we’ll maintain. The next twelve months will centre around building long term relationships and shareholder value. We’ve seen strong interest internationally and will be moving in that direction when the time is right.”
Amiqus recently completed its latest and over-subscribed funding round in six weeks with a prominent set of investors from the entrepreneurial and financial scene including former Dickson Minto stalwart Kevan McDonald, Bill Toner and Tim Jones of CH&Co, former Standard Life chief Sir Sandy Crombie, former BGI/BlackRock CFO Alison Davis through Fifth Era Fund and a number of other investors aligned with the Leith-based Seed Haus fund.
Callum Murray is shortlisted in the ‘Rising Star Entrepreneur of the Year’ award category at Entrepreneurial Scotland’s ‘ES Celebration Dinner & Awards’ at SWG3 in Glasgow on Thursday 30th November and follows Amiqus winning best Scottish startup 2017 in Barclays Entrepreneurs Awards last month.