By Miguel Heilbron on September 15, 2014
While an Asian startup was announced as the winner of the Seedstars 2014 “Best startup in the world” competition, in the end an African startup secured the prize money! Congrats to VC4Africa member Simeon Ononobi, CEO of SimplePay! He shares his story below.
Congratulations on the funding you secured! What did you win?
“SeedStars World’s first prize is up to 500,000 USD in seed investments from European investors, managed by SeedStars. Because we didn’t need up to that for seed funding we negotiated for just 300,000 Swizz Francs, around 330,000 USD.”
What happened exactly?
“After a grueling deliberation by the jury members at the SeedStars World finale, actually Flitto from South Korea was announced the winner – and we got second place. But then it became clear [...]Continue reading EXCLUSIVE: Africa’s payment venture SimplePay secures SeedStars World’s Best Startup prize money! »