LICUOS is pleased to announce that we have been selected as a semi-finalist of the Innotribe Startup Challenge, honouring the company as one of the most promising financial technology and financial services startups. On 13th June 2013, LICUOS will compete against 14 other startups and innovators at Innotribe Startup Challenge Showcase in New York to secure a place as a finalist for the $50,000 grand prize and continuous exposure to investors and financial institutions via the SWIFT global community.
Innotribe, SWIFT’s initiative to enable collaborative innovation in financial services, and a panel of industry experts selected 15 semi-finalists from hundreds of applications to enter the Challenge. LICUOS will pitch its solution to a panel of the financial industry’s leading angels, VC’s and decision makers. Innotribe brings together strategists, business and technology leaders, trend-setters and trend-watchers, and thinkers interested in taking action and shaping the future.
LICUOS is a global business-to-business payment platform where businesses can compensate and pay their commercial debts. The platform provides netting, payment and funding services for accounts receivable and payable for businesses, allowing them to reduce their dependence on the traditional banking system alternatives so that they can significantly improve their working capital and cash flow management. By applying our solution, businesses from all economic sectors and sizes, including public administration and nonprofit, will achieve an important reduction in their funding needs and credit risk exposure.
Iker de los Ríos, CEO at LICUOS said “we’re proud to be recognized as one of the leading financial technology innovators by Innotribe, and believe this award will help us extend the reach and value of our community and become the de-facto industry standard for business-to-business netting and payment services”.
The winners of the Innotribe Startup Challenge Showcase in New York will receive the opportunity to attend SIBOS in Dubai where they will compete against other finalists from the London and Singapore Challenge Showcases.
Matteo Rizzi, Co-founder of Innotribe, says “I’m delighted to announce LICUOS as a semi-finalist and look forward to discovering more about the business. This year’s semi-finalists have assessed the developments and trends in the region and have identified opportunities in the market. The entrants have each demonstrated a forward-thinking and innovative approach to the financial sector and have developed start-up businesses which could have profound impacts on the future of the industry. I’m extremely excited to give LICUOS the opportunity to pitch its ideas to some of the top decision makers in the industry”.
We’d like to thank SWIFT Innotribe, Invest NI, HP, Level39, Sberbank and the other Innotribe Challenge Partners for making the Innotribe Startup Challenge possible.
For further information about the Innotribe Startup Challenge, please visit: http://innotribestartup.com/ or follow @innotribe on Twitter.
Launched in 2009, Innotribe is SWIFT’s initiative to enable collaborative innovation in financial services. Innotribe presents an energising mix of education, new perspectives, collaboration, facilitation and incubation to professionals and entrepreneurs who are willing to drive change within their industry. It fosters creative thinking in financial services, through debating the options (at Innotribe events) and supporting the creation of innovative new solutions (through the Incubator, Startup Challenge and Proof of Concepts (POCs). It is through this approach, the Innotribe team at SWIFT is able to generate a platform that enables innovation across SWIFT and the financial community. For more information, please visit http://www.innotribe.com/.
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,000 financial institutions and corporations in 210 countries. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.
For more information, please visit www.swift.com or follow us on Twitter: @swiftcommunity and Linkedin: SWIFT.