Bengaluru, December 27, 2015: Raklet has been crowned champion at this year’s Payments Dragons’ Den Global, an annual competition giving payments entrepreneurs the opportunity to showcase their industry disrupting innovations to an expert panel of leading financial technology pioneers, as well as hundreds of payments professionals.
Rakletis a private social network cloud based platform for non-profits and associates to build, manage, monetise and grow their community. Through Raklet, organisations can create limitless business opportunities to easily collect membership fees, receive donations, sell event tickets, run fundraising campaigns, send emails, list jobs and more. Raklet’s reporting tools also makes it easy for organisations to measure their performance.
Accepting the winner’s trophy, Gercek Karakus, Co-founder and Product Architect at Raklet said: “We are thrilled to win this highly coveted award. Payments Dragons Den Global was a really successful event for Raklet. It provided an excellent showcase for our platform and connected us with several potential investors and customers.”
The eagerly anticipated contest remains the ideal showcase for promising start ups looking to present their innovative ideas and game-changing payments technologies to a global audience. Previous winners have gone on to secure funding from venture capitalists and angel investors.
Raklet beat fierce competition to claim the top prize. The other finalists were:
- Cybertonica uses machine learning and specific data about transaction behaviours to build real-time dynamic responses to fraudsters, allowing up to 50% more legitimate customers to complete their purchases without further checks’, leading to a 40% drop in abandonment. Tracking tools allows gives customers a comprehensive understanding of the differing payment platform vulnerabilities.
- Scanovate specialises in developing and providing innovative optical character recognition (OCR) solutions for the financial and merchant sectors. Scanovate’s family of products consists of powerful standalone mobile OCR engine for financial processing and payment industry. Their multi-tiered card authentication technology provides clients with higher mobile commerce conversion rates and substantially reduces their exposure to fraud and chargebacks.
- DOV-E – Data Over Voice encoding Ltd. is a startup company that developed a unique software IP technology enabling data connectivity over ANY kind of audio medium. Their technology provides wireless connectivity in the proximity between any consumer’s mobile device and any merchant’s endpoint using the ubiquitous audio interfaces. Their main applications include short range mobile payment and long range promotion.
At the event, held in the traditional Dragons’ Den format, the finalists each presented their pitch, answered questions and demonstrated their products and services in front of the Dragons’ Den judging panel. This comprised five senior payment experts: Ersin Pamuksuzer, Founder of StartersHub ; Haggi Hochberger, Director for the Innovation Partnership Program, Amdocs; Paul Rodgers, Chairman at Vendorcom; David Parker, Founder & CEO, Polymath Consulting and Murat Saray, Founding Partner of Libertas Consultancy
The competition is held in partnership with STARTERS HUB, a leading business accelerator focused on financial innovation, and Raklet will be now considered for a place on the company’s accelerator programme.
Zehra Chudry, Head of Content at Mobile Money & Digital Payments Global, explains: “This year proved to be particularly exciting for payments innovation, with an exceptional roster of companies delivering futurist presentations. Raklet proved to be a worthy winner and a company we expect big things from. We look forward to see how it grows its offering.’’
For more information please visit
www.payexpo-istanbul.com
Corporate Comm India(CCI Newswire)
