Addleshaw Goddard has today announced its 2018 AG Elevate programme to support FinTech growth.
AG Elevate 2018 has been launched by the firm's head of FinTech Group, Fiona Ghosh, at PayExpo Europe, the UK's largest Payments and FinTech conference, where she is chairing the event's plenary, key note session on the challenges of FinTech maturity.
Like the original offering, AG Elevate 2018 is a 12-month initiative that focuses on supporting ambitious FinTech businesses by providing free legal advice and mentoring under the banner of two programmes – one targeting 'early-stage' start-ups with no more than £1m of investment, and one directed at start-ups with funding of at least £1m.
Both packages offer mentoring services and free legal advice, together with access to AG's training sessions and networking events.
David Anderson, a partner in AG’s Scottish FinTech team, said: “Scotland’s FinTech sector benefits from the country’s renowned financial services industry, and its growing influence was well demonstrated by the FinTech hub established by Scottish Financial Enterprise and Royal Bank of Scotland at Gogarburn and the successful FinTech conference run by DIGIT last week. It was no surprise for it to be named by the Scottish Government as a key tenet of its economic strategy.
“The AG Elevate programme is a valuable opportunity for Scottish FinTechs to take advantage of legal and commercial advice aimed at growing a valuable business in a hugely important sector. The combined network of AG means that we’re able to help them make connections quickly which might otherwise take a long time to develop.”
The team is currently working with seven FinTechs from the first cohort of AG Elevate, including Delio, Pace Invoice, Penta, Moneyfellows and Mespo.
Fiona Ghosh said: "Following the success of our 2017 programme, it made absolute commercial sense for us to take AG Elevate to the next level. We have learnt much in the process of the original offering that we will build upon for the next round.
“The FinTech market has changed significantly over the last 12 months - people are realising that you can be a well-established global business and be FinTech. We want to continue the work we are doing and to keep providing a service that allows our clients to prosper and grow as well as providing a network to learn from each other and more established players. We look forward to welcoming the next round of applicants."