Filipino start-up takes $500k in Seedstars World 2017
Makati-based fintech start-up, Acudeen Technologies, was selected as the overall winner of global seed stage start-up competition, Seedstars World 2017.
Filipino start-up Acudeen Technologies is $500,000 better off after taking the crown at Swiss start-up competition, Seedstars Worlds.
The solution presented for funding at the awards by Acudeen would turn SMEs invoices to cash through discounting receivables and providing working capital.
Acudeen bested start-ups in over 65 countries to receive the award in Lusanne last week, which included the grand prize seeding round of half a million dollars.
“We saw a lot of great entrepreneurs and great mentors to learn from during the summit. It was all worth it,” said Acudeen chief executive, Magellan Fetalino III in a media statement.
Acudeen was one of four Asian start-ups that made the final 14 at the Swiss competition, alongside Singaporean app-based air-quality sensor maker, uHoo, spectroscopy technology start-up, PiQuant from South Korea, and Sri Lankan eLearning start-up, LayUp.