Lipaworld Secures First Place in Fintech Category at Startup 302 Pitch Competition

An innovative digital voucher marketplace, has clinched first place in the Fintech Category at the prestigious Startup 302 pitch competition, coordinated by the Delaware Prosperity Partnership (DPP).

Hosted by the Delaware Prosperity Partnership, the competition reflects Delaware's commitment to fostering a diverse and inclusive innovation ecosystem by supporting underrepresented technology-enabled startups. Since its inception in 2020, the program has been a catalyst for growth, has provided funding to 37 ventures, and continues attracting high-caliber startups from various industries.

Jonathan Katende, CEO of Lipaworld said, “This recognition at Startup 302 is more than just an award - signifies a major milestone for Lipaworld. The access to mentorship, funding, and networking opportunities provided by Startup302 will propel our growth and social impact. We're excited to leverage these connections to expand our reach and empower our platform users to connect and support their loved ones across borders.“

This year's competition spotlighted 100 startups in categories that mirror Delaware's dynamic innovation landscape, including Early Stage, Fintech, Life Sciences, Environmental Impact, and Delaware Impact. Lipaworld's victory in the Fintech category underscores the company's alignment with Delaware's vision for financial innovation and business services.

Noah Olson, DPP Director of Innovation, lauds Startup 302's role in fortifying the local innovation ecosystem, stating, “We're honored to provide entrepreneurs with access to key funding and facilitators that can make a difference in their development and enable them to realize their potential.“ Lipaworld's innovative approach to financial technology, with its focus on enabling seamless and affordable cross-border transactions, resonated deeply with the judges. The company's platform facilitates secure remittances while introducing a unique voucher system that ensures funds are utilized for their intended purposes, thereby providing significant value to users by enhancing transparency and accountability.

Lipaworld extends its gratitude to Delaware Prosperity Partnership and all the innovation-supporting partners involved in Startup 302, including Bronze Valley Gener8tor, Delaware Black Chamber of Commerce, New Castle County Chamber of Commerce, Emerging Enterprise Center, The Innovation Space, Chesapeake Ag Innovation Center, Delaware Sustainable Chemistry Alliance, University of Delaware Horn Entrepreneurship, True Access Capital's Women's Business Center, Small Business Development Center, Delaware State University College of Business, Sara Crawford, and StartOut.

For more information about Lipaworld and its innovative financial solutions, please visit www.lipaworld.com.