UK startups have dominated in the first of three semi-finals of the Innotribe Startup Challenge, with three of five finalists coming from London.
The European leg of the semi-finals was held in Level39, Canary Wharf yesterday and was dubbed Startup Challenge London.
Across the three worldwide semi-finals, the UK is the third most represented country with seven startups – second only to the USA (13) and Singapore (8) – showing Britain punching well above its weight.
From 47 semi-finalists, each semi-final put five startups through to the final – three early-stage and two growth-stage – making 15 finalists in total.
The three early-stage startups to get through last night’s semi-final were all London-based: exchange rate comparison site CurrencyTransfer, mobile payment service Ensygnia and international money transferrer TransferGo.
The last legs
The London Startup Challenge was sponsored by HP, Invest NI, Level39, and SAP, and its counterpart – the Singapore and New York Startup Challenges – will be held on 15 May and 5 June respectively.
The Grand Finale will be held at Sibos, SWIFT’s annual conference, which this year will take place in Boston in October.