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.
PropTech innovation continues with the launch of Track, a property and money manager app aimed specifically at younger homeowners
Joii, the innovative platform and app that is on a mission to make petcare more accessible, more affordable and more convenient
Belfast based startup, Locate a Locum secures £1m in equity funding and plans further development and job creation
The innovative platform which helps organisers of trade shows to find, attract and convert new attendees for their events year on year
The lowdown on Caroo, the Manchester-based startup that is shaking the recruitment sector up by doing everything differently...
The electronic signal device that sits between your instrument and your amp to allow maximum sound quality to transfer...
How Soapbox Labs is on a mission to "deliver the power of voice to children everywhere” using kids’ speech recognition technology
What does the future hold for the gig economy? Here are five trends that are set to transform the way we work in 2020...
Planned your social media strategy for 2020? Ravi Shuke of Agorapulse highlights the key trends that could help your business grow.
The lowdown on ZIVA, the innovative multi-terrain high-performance robot and the security and inspection solutions it offers...
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.
- London-based startup Perlego raises £7 million 19th Nov 2019 Major investment news for Perlego, the London-based startup that is on a mission to make education material accessible for all
- Investment announced in Aisha, the award-winning halal baby food manufacturer 13th Nov 2019 Aisha secures seven-figure investment from the Foresight Group to help its marketing, development and international expansion plans
- Construction tech startup ShapeDo secures investment from VC firm Goldacre 13th Nov 2019 ShapeDo from the 2018/2019 RELab cohort has secured investment from Goldacre in its innovative construction project management software
- Culture Amp launch Diversity and Inclusion Starter Kit to bring best practices to UK businesses 8th Nov 2019 The latest ways in which leading people and culture platform Culture Amp aim to help organisations manage their diversity and inclusion practices and policies
