Mobile payment solutions company, judo payments, has announced the winners of the first round of its GBP1 million prize for British based start-up companies building apps for Android and Apple phones.
The first five winners are:
- BarPass – an app enabling users to order drinks from their phone to their seats at bars, pubs and events
- Theatre Ninjas – an app offering free and discounted last minute tickets to theatre, comedy, and music events
- Metavurt – an app that enables retail businesses to engage with their customers both in-store and across social media
- Duchy Software –an app that helps entrepreneurs make money from their crafted hobbies and skills
- Stealth restaurant takeaway app that helps restaurants with customer retention, loyalty, marketing and order value
Each company will receive GBP100,000 in free credit and debit card processing through judo, making it easy for consumers to pay for products and services on their apps, thus providing the winners with a competitive advantage by giving them access to a ready-to-install back-end system for payment processing with mobile optimised user interfaces.
Dennis Jones, CEO of judo said: “We had an excellent response to our competition from a wide range of business types and sizes. The winners we selected are all using mobile apps as a way of reinventing how an industry works, have promising business models, and are led by exceptional entrepreneurs. By giving each start-up access to judo payments’ back-end payment processing platform we are taking away the worry of how to process payment transactions and how to include card acceptance into a product that that is sold into other businesses. The process of creating a payments system from scratch is usually time consuming, expensive and highly technical.
“Consequently this deters innovation and often leaves app functionality lacking because developers need to spend more money and resources to build the payments side of their business. Our winners can now focus on the quality of the apps they are producing and services they provide. We’ll be taking care of payments for them.”
The second round of applications for judo’s GBP1 million competition is due on July 23rd with the selections announced on August 5th. judo encourages candidates across the UK to apply. The company will choose five entrepreneurs or early stage start-ups from the entries for the prize. Businesses can apply by going to the judo website, clicking on the application link and filling out the competition form.
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