KOMPAS bags €50k as overall winner of Visa’s Everywhere Initiative at Money 20/20
by Startacus Admin
We’ve had the pleasure of getting to know the fab KOMPAS team over the last couple of years and we are therefore delighted to share word that their travel tech startup, which uses Artificial Intelligence to personalise the travel experience, was this week announced the overall winner of Visa’s Everywhere Initiative at Money 20/20, taking home a total of €50k in prize money.
The Digital DNA upSTART 2017 finalists KOMPAS, came up against over 300 applications, and after being whittled down to 1 of 15 finalists to pitch in the final competition, were awarded as the overall Everywhere Initiative winners at the Money 20/20 Conference in Copenhagen.
To date, over 1,500 companies from all over the world have competed in the Visa Everywhere Initiative since it was launched in the US in 2015.
This years judges consisted of Visa’s senior directors and executives, as well as guest judges such as Erez Arahoni, ICC and Birte Quitt, Erste Group.
KOMPAS CEO and winner of the competition, Tom Charman had this to say:
“I believe what made KOMPAS stand out from the other contestants, was 
both a combination of the technology we’re building, but also our ability to integrate with Visa services; providing a completely personalised experience for our end user”.
The Company was established in 2015, after the founding team realised that there was a huge opportunity in the market, believing that the market had lost touch with their customers, who were placing an increasing demand on tailored, and personalised experiences.
Since then, they’ve got on to raise a round of angel investment, won multiple awards, and recently secured a partnership with London Midland, focusing on promoting regional travel between London and Birmingham, as overall winners of their London Midland Lab programme.
They now intend to use the money they won in Copenhagen, to begin operations in new cities, while running a pilot with Visa that looks into the personalisation of their customers. Their goal is to make it easier for the best of the city to get its moment in the sun, no matter the size, and advertising budget of the company in question.
Congrats Tom and the rest of the KOMPAS team - we are totally delighted for you and wish you all the best as your business JOURNEY continues - from strength to strength and city to city.
If you like TravelTech news and startups, you might want to read our previous article on 9 Travel Tech Startups to Write Home About - of which KOMPAS is of course one.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
EISA Survey reveals how key growth businesses needing investment now may disappear within 12 months if Government fails to act
Selfie Salon wants you to join the #selfiesalon movement to #stayhomesavelives by showing your support in taking a before-and-after beauty self-grooming picture!
Coronavirus. How do you survive as a business owner with minimal or no business at all? Consider the following tips...
Crowdcube launches campaign and calls on the government to take action to protect Britain's entrepreneurial future...
A UK-based social enterprise Lanterne, has developed, and is soon to launch, Keep Your Distance, a free app that will help us observe social distancing.
Bring! is a digital grocery tool that simplifies grocery shopping for you and anyone you are shopping for.
In a bid to help brands during the current pandemic, the GreenJinn grocery app makes some rapid changes to its service
Coronavirus & furloughing employees. Nichola Hailes of Payfit looks to answer some of the most frequently asked questions about the job retention scheme.
For startups entering the food industry, here's why accurate labelling on ready-to-eat food products is important.
Whether you’re looking to create a frugal startup, or it’s already up and running, here are 4 tips to reduce costs while keeping the work environment pleasant.
Published on: 28th June 2017
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Industry survey indicates impact of COVID19 on growth businesses needing investment 7th Apr 2020 EISA Survey reveals how key growth businesses needing investment now may disappear within 12 months if Government fails to act
- Save Our Startups campaign launched 5th Apr 2020 Crowdcube launches campaign and calls on the government to take action to protect Britain's entrepreneurial future...
- Cerebreon the Irish deep learning startup raises £1.5m in seed funding 31st Mar 2020 The insolvency technology startup secures funding to help support the UK's most vulnerable consumers to avoid bankruptcy
- Chivas Venture divides this year's $1m Venture Fund between 26 global Startups 23rd Mar 2020 In response to the COVID-19 pandemic, Chivas Divides its $1m No-Strings Venture Fund Between 26 Startups
