Philippine-based financial technology (fintech) startup Acudeen Technologies became the overall winner for Seedstars World 2017, a global seed-stage startup competition for emerging markets that concluded Thursday night in Switzerland. Led by its CEO Magellan Fetalino III, Acudeen bested startups in 65 countries at the pitching contest held at the SwissTech Convention Centre in Lausanne and received the grand prize of $500,000 in investments.
Seedstars Group said in a statement that it had crowned the Acudeen team as “Seedstars World Global Winner 2017” for their innovative solution that turns SMEs invoices into cash through discounting of their receivables, providing them with necessary working capital they were not getting from the banks
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