Australian startup scores ahead of 21 competitors to take home Best in Show award
HONG KONG, Jan. 31, 2018 /PRNewswire/ -- Checkbox, a multi-award winning platform that enables the digital transformation of regulation and compliance processes into business applications in the cloud, was named Best in Show following a live pitch competition at this year's Next Money Fintech Finals in Hong Kong. The event is brought to you by Visa, with support from Gold Sponsors, Invest Hong Kong (InvestHK) and Senjō Group, as part of the StartmeupHK Festival.
In total, 22 startups from around the world had four minutes each to pitch their business in front of a live audience to a panel of judges drawn from across the fintech community. The judges scored Checkbox highly in all categories and were impressed by the overall strength, commitment and relevance demonstrated. Evan Wong, CEO and Co-Founder, said about Checkbox's Best in Show award, "We're thrilled with our win and to have been a part of the Next Money FinTech Finals! I think it's safe to say that Checkbox has made the digital transformation of regulation sexy and we're excited for all the momentum that this win will bring for our business growth."
As Best in Show, Checkbox will receive a cash prize of USD 10,000 and an exclusive invitation to work with a team of Visa subject matter experts to explore solutions for business challenges and co-create ideas for the future of commerce.
Three Best in Category trophies were also distributed. Best Early Stage Startup went to jumper.ai (Singapore) and Best Growth Stage Startup was won by Moneytree (Japan). Blue Fire AI (Hong Kong) claimed the Best Mature Stage Startup prize. All winners receive the benefits of partnership opportunities and promotion through Next Money channels.
Judges rated the startups using a scorecard based on the following criteria: business model application, scale and robustness; transformative concept and technology; market opportunity and size; customer experience design and ease, financial opportunity and forecasts and, of course, the quality of their presentation.
Charles d'Haussy, Head of Fintech, InvestHK, said, "We were very pleased to see how keenly contested the competitions were during the semi-finals and at the Fintech Finals themselves. This year's winners show how quickly the Fintech industry has developed and evolved. Our lively and organic Fintech community, proactive regulators, fundraising opportunities and government support reflect the growth and evolution of the Hong Kong Fintech ecosystem as a perfect springboard to expand and scale in Asia."
Caroline Ada, Country Manager Hong Kong and Macau, Visa, commented, "Throughout this year's competition we've been impressed by the quality of startups. The finalists on stage were the very best of the best, and demonstrate the power of innovation to transform the customer experience. At Visa, we're committed to building the future of commerce through collaborating with the wider Fintech community. 2018's Fintech Finals in Hong Kong have shown just how vibrant that community is."
Next Money founder and Fintech Finals organizer, Rob Findlay, said: "We've seen some incredibly talented people and world class ideas on stage at this year's event. Checkbox was a worthy Best in Show winner but I believe all our finalists have a great future ahead of them and have the potential to reinvent the financial services industry to the benefit of everyone."
The FinTech Finals conference continues today, January 30, as part of the StartmeupHK Festival at the Hong Kong Convention and Exhibition Centre. For more information, please see here.
About Next Money
Next Money, co-founded by Rob Findlay, is a global fintech community that fosters the reinvention of finance through design, innovation and entrepreneurship. Next Money brings together peers from across disciplines including start-ups, banking, technology and design. Through meet-ups and events, hosting speakers and panellists, members come together to discuss, learn and discover new ways to transform the finance industry for the better. Originating in Singapore, Next Money has grown over the past four years into a global brand represented by city chapters of like-minded people all over the world and continues to expand. Learn more about Next Money and the Fintech Finals 2018 at ff18.nextmoney.org/.
About Visa Inc.
Visa Inc. (NYSE: V) is the world's leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company's relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/aboutvisa, visacorporate.tumblr.com and @VisaNews.
About Invest Hong Kong
InvestHK is the department of the HKSAR Government established in 2000 to attract foreign direct investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. For more information, please visit www.investhk.gov.hk.
About StartmeupHK Festival
Hong Kong's startup ecosystem has witnessed phenomenal growth over the past few years and the city is consistently ranked as one of the fastest growing startup hubs in the world. To celebrate and showcase the startup ecosystem, InvestHK is organising its 2018 StartmeupHK Festival running from 29 January to 2 February. Delving into the future of entrepreneurship and disruptive innovation, the week will feature keynotes, interactive how-to-sessions, hackathons, powerful lessons from seasoned founders and investors in sectors such as fintech, digital health, smart city technologies, IOT, retail innovation plus much more. For more information, please visit www.startmeup.hk.