Nine innovative fintech businesses have been awarded a position on Addleshaw Goddard’s growth programme AG Elevate.
Amiqus, ARQ, Autopaid, Finance Unlocked, Finvisage, OBR-Open Banking Reporting, Pionr, Trace and Tumelo are the successful applicants.
Amiqus is part-based in Edinburgh and is developing software which helps people prove their identity to comply with money laundering and fraud laws. Trace is also based in Edinburgh and helps businesses automate GDPR compliance.
Senior lawyers from the law firm will mentor and provide legal guidance worth a total of £500,000 to the high-growth businesses and start-ups.
Fiona Ghosh, a partner and head of fintech at Addleshaw Goddard, said: "We founded the AG Elevate programme in 2017 to support ambitious fintech start-ups across the globe and help them overcome the complex regulatory and legal challenges businesses can encounter as they scale up.
“Fintech firms are some of the most disruptive and innovative businesses we see in the market. Helping the very brightest achieve their full potential is something we’re tremendously passionate about – and that’s why the AG Elevate programme exists today.
The participants will be allocated mentors to provide the equivalent of 25 hours’ free legal advice, access to Addleshaw Goddard’s legal seminars, legal updates, networking events and TORCHLIGHT online tool, which helps users track future regulatory developments in the financial services sector.
Dave Anderson, a partner at Addleshaw Goddard who specialises in working with technology companies, said: “This year we’ll be working with a fantastic array of earlier stage fintechs, all of which are bringing interesting innovations to the financial services industry that will shake up business practices and offer greater quality and choice in the market.
"The industry-leading advice we provide will help ensure our chosen fintech companies can overcome the regulatory hurdles they will encounter on their path to growth.”
Find out how to apply for next year’s AG Elevate programme by clicking here .
