Tech firm secures £100,000 Scottish EDGE award to protect over-50s from online scams

Sir Tom welcomes boost to give businesses the EDGE

Senguard was founded by Jordan Reid and Grant McAdam after they identified the need for a product tailored to serve the technical and experiential security needs of the over-50s. It offers user-friendly and effective cybersecurity solutions – focused on scam surveillance, account security, and privacy protection – for a subscription of just £6.99 a month.

The tech firm said the funding boost from Scottish EDGE marks a significant milestone and will accelerate product development, expand pilot programmes to cities like London, Newcastle and Dundee, and support upcoming investment rounds in 2025 and beyond.

Founder and commercial director Jordan Reid said: “We are deeply honoured to receive the prestigious Scottish EDGE award. This recognition not only validates our mission to protect over-50s from the growing threat of cybercrime, but also provides us with the resources to scale our efforts and bring our innovative solution to more people across the UK.

Scottish EDGE can be a ‘template for business success’

“I am personally committed to making the internet safer for over-50s, having seen first-hand how this group can be vulnerable to online scams, causing significant anxiety to them and to their families.

“It’s not because the over-50s are incompetent – far from it, many are incredibly tech savvy. However, they are the fastest-growing demographic, and they have the vast majority of the wealth. That’s why they’re highly targeted and that’s why something needs to be done.”

He added: “This is a pivotal moment for us, and we’re excited to build on this momentum to create a safer online experience for older adults.”

Before founding Senguard, University of Strathclyde graduate Mr Reid co-led Ngage Technology, delivering cutting-edge solutions for organisations like the Scottish Government, Siemens, and Nestlé, with projects spanning from Geneva to New York.

Business boost for Scottish EDGE winners

Senguard has already secured backing from organisations such as the Cyber and Fraud Centre Scotland, and high-street lenders Santander, the Royal Bank of Scotland and Barclays.

Scottish EDGE is funded by Sir Tom Hunter’s The Hunter Foundation, the Royal Bank of Scotland, the Scottish Government, Scottish Enterprise and private donors. To date, it has awarded more than £26 million to about 635 businesses.