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Amiqus Attracts Investment from US Fund

Staff Writer

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amiqus investment

Edinburgh-based start-up Amiqus has announced new investment from US innovation fund Fifth Era. Amiqus came to the attention of the Silicon Valley fund after this year’s EIE technology investor showcase, where CEO and co-founder Callum Murray won the ‘Pitch of the Day’ award.

Murray founded the company along with a group of domain experts in 2015, and went on to reach a revenue-generating position within the first twelve months. Since then the client list has grown and the team has expanded to 16 staff, with personnel based between Edinburgh, London and Cambridge.

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. This included 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.

The company is also now working closely with law firm Thorntons LLP, to integrate Amiqus’ client intake and onboarding compliance product into Thornton’s own service.

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.”

Speaking about the recent success, Callum Murray said:

“Amiqus continues to make progress based upon the trust gained from early adopting clients across sectors. This progress has attracted support from a broader group who will drive the growth of the business in the coming year”

“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.”

Alison Davis of Fifth Era Fund said:

“Confirming who you are doing business with is a critical task in many industries and Amiqus makes it quick and easy.  At Fifth Era we back teams that apply new technologies in innovative ways to solve customer needs and we are glad to be part of the investor group backing Amiqus

“We’re pleased to join a group of existing investors who are placing their trust in the continued growth of Amiqus across the coming year. We’re glad to be part of the long term journey.”

 

DIGIT Staff Writer Robot

Staff Writer

Staff Writer - DIGIT

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