Aussie Startup Blitzes Field in Global Pitch Competition
Australian fintech startup, LUCA Plus (The Block Ledger Pty Ltd) , has been awarded a sought-after gong in the Alibaba Entrepreneurs Fund/HSBC JUMPSTARTER 2020 Global Pitch Competition.
Competing against 40 global finalists, the Melbourne-based e-Invoicing and blockchain vendor was introduced into the Australian market in April 2019. LUCA Plus e-invoicing software enables accounting automation and is accredited by the Australian Taxation Office (ATO).
The fintech was awarded one of the top five spots in the online global pitch competition, walking away with a share of the US$100,000 prize money and a portion of up to US$5million in investment commitments. In addition, they have access to the Alibaba ecosystem for networking opportunities, insights and resources that will help with business growth.
Adam Wang, Co-founder of LUCA Plus (The Block Ledger Pty Ltd), said the competition offered an exceptional opportunity to expose the startup to networks and markets beyond Australia.
“One reason we decided to enter Jumpstarter was to meet international investors and grow our network. As one of the world’s top startup competitions, I encourage other Australian startups to take part as you never know the learnings and connections that will come through participation in the program,” Wang said.Terence Chiu, Head of Commercial Banking, Hong Kong, HSBC said that Jumpstarter 2020 was an excellent showcase of international entrepreneurial talent.
“It serves as an insightful eye to the future. Here we see not only promising start-ups but also game-changers who are passionate about creating a better future,” Chiu said.
“We look forward to seeing how these ideas could make a positive impact on societies, as well as bringing their ideas to life to serve the needs of a changing world.”
Exposure from the Alibaba Entrepreneurs Fund/HSBC JUMPSTARTER 2020 Global Pitch Competition will help the Aussie company expand into lucrative international markets.
LUCA Plus ( The Block Ledger Pty Ltd) was crowned alongside other global startups: Asia Regenerative Medicine, Ecoinno, Fano Labs and Snipfeed.
LUCA Plus is an e-invoicing software provider offering automation across accounting platforms. A gamechanger for accounting technology and Accredited by the Australian Taxation Office (ATO), LUCA Plus e-invoicing software offers the security and convenience of the internationally validated Peppol system, reducing the risk of invoice fraud. LUCA Plus works in partnership with XERO (certified partner) and MYOB (advanced business partner).
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