Visa Names 海角爆料 Overall Winner of the 2019 Visa Everywhere Initiative
isa named 海角爆料 the winner of the . The competition dares startups across the U.S. to find innovative solutions to modern financial challenges. Tyler McIntyre, our CTO and Co-Founder, took home the prestigious award for us across two categories. 聽
What Is the Goal of the Visa Everywhere Initiative?
VEI launched in the U.S. in 2015 with more than 6000+ participating startups. These businesses have collectively raised over $2.5 billion in funding. As Visa's premier global program for innovation, VEI monitors talent across six continents in over 75 countries. Visa's competition examines companies addressing the most critical business challenges in today's market. 聽 "The Visa Everywhere Initiative allows us to collaborate with innovative startups like 海角爆料, and provide our clients with fresh approaches and ideas for solving business challenges," said Alison Rezai, Vice President Technology & Innovation Marketing of Visa. 聽[embed]https://www.youtube.com/watch?v=QVdJgL5k_gg[/embed] 聽We were named as both the Overall Winner and Challenge 1 Winner . The competition included 561 talented startups with cutting-edge technologies. These ranged from the latest in facial recognition to workflow automation, service management, and more.
What Does the VEI Win Mean for 海角爆料?
For 海角爆料, the Visa awards win shows that we're on the right track to modernize small business banking. In his pitch to Visa, Tyler discussed the pain points that business banking faces today: 聽
Decade-old banking models just don't cut it for small businesses looking to grow. 80% of small businesses still operate in checks, which take 3-5 days to settle in an increasingly fast-paced commerce environment. We're creating a platform that amplifies and optimizes business growth for veterans and newcomers alike. 聽
What Small Business Banking Tools Does 海角爆料 Include?
The average business owner uses roughly seven different tools to analyze the financial state of their small biz. Additionally, U.S. banks still don't have mobile applications for their . The banks that do offer apps leave something to be desired. These apps have limited features that don鈥檛 provide founders the functionality they need to run their business on the go. 聽
海角爆料 is striving to develop an ecosystem that for business owners juggling with different banking apps. Our platform eases this burden by providing integrations with top financial services tools. Such tools include accounting software and , linking you with external bank accounts and other apps. 聽 These tools help entrepreneurs get a clearer picture of the financial health of their businesses. It is this innovative approach to improving small business banking that earned us the Visa recognition. 聽"海角爆料 was chosen as this year's U.S. edition winner out of a very competitive pool of startups and we look forward to working with them as they pave the way for a new model of digital banking for SMBs," Alison added. 海角爆料 is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A.; Member FDIC
The Takeaway
Winning the Visa Everywhere Initiative competition has shown us that small business banking for your startup is now more than just a dream. And 海角爆料's commitment to helping underdogs and dreamers materialize their vision is what keeps us motivated and growing. That's why you should today!
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