Edinburgh based legal-tech software startup Amiqus won £75k in the recent Scottish EDGE final.
Backed by The Hunter Foundation, The Royal Bank of Scotland and Scotland Can Do, with a prize pot of over £1 million available each round to support up-and-coming entrepreneurial talent, Scottish EDGE aims to boost Scotland’s economy by supporting the country’s most innovative, high-growth potential startups.
Following poor litigation experience in his previous business, Callum Murray spotted a gap in the market for online dispute resolution and established Amiqus’ founding technical team in June 2015. The company’s vision is to use open data and machine learning to build a platform that gives individuals and small businesses access to legal information, dispute resolution expertise and a simpler, more affordable alternative to court.
At EDGE Murray pitched AmiqusID, his company’s disruptive anti-money laundering, identity and compliance checking product, to an audience of over 500 members of the public, investors, business leaders and entrepreneurship supporters. Murray secured £75,000 of funding, which he plans to invest in doubling Amiqus’ engineering capacity, building volume sales channels and upgrading their cyber security.
Winning round nine is yet another significant milestone for the Amiqus team in 2016 after they secured an exclusive integration with Clio, who have 250 law firm users in the UK, in October. A further integration with Inksters Solicitors was also announced yesterday, helping remote clients in the Highlands & Islands to easily engage with the firm and comply with the most stringent levels of onboarding compliance.
Earlier this year, Amiqus completed an external round of equity investment which brought Robin Knox and Gavin Dutch to their board, both of whom have scaled software teams to exit. Robin to iZettle, Gavin to Fanduel.
Callum Murray said, “This year we’ve gained a fellowship from the Royal Society of Edinburgh, innovation support from Scottish Enterprise and completed the CandoSCALE programme which have all been instrumental in our growth. Today’s win and support from Scottish EDGE means we can continue to scale up AmiqusID at pace while increasing our valuation. Ultimately, this puts us firmly on the road to creating a portfolio of tools that will open up access to justice.”