Toronto's Vouchr Wins Global Fintech Challenge

Global Gifting Platform company takes $1 million investment award at VentureClash

TORONTO, Oct. 23, 2017 /CNW/ - Vouchr, a leading Financial technology company that provides a global gift giving platform for any form of digital money for financial institutions, today announced it took second place at VentureClash. This distinction among top early-stage fintech companies from around the world has venture capital (VC) firms taking notice.

One of over 300 contenders to enter the challenge, Vouchr presented to a judging panel of venture capitalists and innovation experts from leading firms – including RBS Bank, Greycroft Partners, Elm Street Ventures and more.

The US$1 million award for finishing second will help to fuel the growth of Vouchr's market share and accelerate the company's entry into the United States.

"VentureClash began with a pool of over 300 very promising companies and ended up selecting the 9 best as finalists," said Matt McCooe, CEO of Connecticut Innovations. "Vouchr had a unique solution in the market with a clear business model, an excellent growth plan and a fantastic team. We look forward to helping Vouchr establish their presence in the U.S. and facilitating a soft landing for them in Connecticut."   

VentureClash helps transform top early to mid-stage companies into the next generation of world-class leaders. It was developed by Connecticut Innovations (CI).

"It is an honour to be one of the big winners of VentureClash. This is a significant milestone for Vouchr as it further validates Vouchr's market approach and position as an emerging global fintech leader," said Rob Balahura, CEO of Vouchr.

About Vouchr

Vouchr is a financial technology company that enables financial institutions to enable their payment technology with mobile gift giving capability for their customers through their existing banking app. Vouchr's turnkey solution includes a complete gift giving platform that transforms their existing payment technologies into a highly engaging gift giving experience for their customers. Giving a gift of cash accounts for up to 25% of all money transfers globally and presents an untapped billion dollar market opportunity to capture as customers move towards mobile. Vouchr is the world's only mobile platform that enables this new gift giving and personalization use case for Interac® e-transfers, PayPal money transfers, digital gift card, virtual credit card w/ tap to pay and international remittance. Visit their website at http://www.vouc.hr

SOURCE Vouchr Ltd.