Wired Money 2015: Start-Up Winners
Seventeen fast-growing start-ups were chosen to pitch their services during Wired Money 2015, a conference on emerging technologies in the world of finance, held in London on July 8. These were the top three.
- Digital Banking for the Masses: The overall winner was Oradian, provider of Instafin, a suite of digital tools that empower financial institutions serving billions of people at the base of the economic pyramid in places like West Africa. Digital tools help these institutions access and analyse data in real-time, and reduce costs and scale.
Founder Julian Oehrlein said that once the company's clients in developing countries digitise their data and processes, it opens the floodgates for other innovative businesses and start-ups to provide essential digital services.
- Property Micro-Investment: Property Partner was one of two runners-up. The UK-based company is building a stock exchange for residential property, allowing even small investors to buy as much or as little as they like of a property and receive rental income from the lucrative UK property market.
- Augmented Insurance: The Floow provides vehicle insurers with analytics of drivers' behaviour on the roads. Insurers get access to detailed information that help calculate a driver's risk level, and drivers get cheaper insurance and feedback to improve their driving and fuel efficiency.
Keep an eye out for our full report on Wired Money 2015 in the coming weeks.