Fintech Benefit Vantage has been named as the Best JUMPSTARTER – Fintech, part of the JUMPSTARTER 2021 Global Pitch Competition, the world’s largest online startup pitch contest organized by Alibaba Hong Kong Entrepreneurs Fund.
Hong-Kong based Benefit Vantage aims to improve mobile authentication and the user experience without compromising security and privacy through IPificiation: mobile users can be authenticated via their Public IP address.
The company also creates extra revenue for telco partners and helps service providers win trust with safe and seamless authentication.
The two ultimate winners of the contest were Rice Robotics, an autonomous robot company from Hong Kong, and Lingxi AR Technology, an optical display and AR technology solution company from Beijing.
Due to the pandemic, JUMPSTARTER 2021 moved the entire contest online for the first time. Over 2,000 applications from 100 countries and regions around the globe took part, with startups from Greater China and Asia Pacific amongst the most active.
The competition was open to startups in the retail, fintech, smart city and deep tech industries. Among the top 200 finalists, retail startups made up a relatively high proportion of entries.
The judging panel of JUMPSTARTER 2021 believes that due to the popularity of fintech in the last few years, participants in this area will face fiercer competition in the market. By region, startups in the Mainland are concentrating on deep tech such as biotechnology, while startups in Hong Kong are focusing on retail and fintech. Startups in Southeast Asia are showing strong interest in the retail sector.