Pittsburgh Technical Council

INSPIRAVE Recognized as ‘South by Southwest’ 2016 Accelerator Finalist

INSPIRAVE Recognized as ‘South by Southwest’ 2016 Accelerator Finalist

Article Published: January 21, 2016

Screen Shot 2016 01 21 At 24547 PMInSpirAVE was recognized as 1 of only 8 selected as finalists across the Payments and FinTech categories for the eighth annual SXSW Accelerator competition. The accelerator is the marquee event of SXSW Interactive Festival’s Startup Village, where leading ventures from around the world showcase some of the most impressive new tech innovations to a panel of hand-picked judges and a live audience. Out of the hundreds of companies who applied to present at the 2016 SXSW Accelerator, InSpirAVE was noted as 1 of the 48 finalists selected overall from within “the most innovative…ideas for solving some of today's most challenging problems through technology." 

InSpirAVE multiplies Savings, placing Aspirations — important purchases for life’s special moments — within reach. Its flagship Internet-of-Savings™ platformis rolling out through partnerships both locally and nationally, with industry partners and practitioners having acknowledged that:

  • InSpirAVE™ provides a wholly new-to-market capability by unifying saving with spending in ways that power ‘anticipatory commerce’
  • Would be particularly valuable/timely in empowering end-users in ways that result in engaged/ expanded customer-bases as well as materially significant enhancements in profitable growth for ecosystem merchants and financial institutions

InSpirAVE had previously made industry headline, as one of five companies selected by the AMERICAN BANKER, PaymentsSource, et.al. as representative of “What’s Next” across-the-industry, for the presentation its CEO delivered at PayThink 2015 among several other invited industry presentations and media interviews.

InSpirAVE’s proprietary Internet-of-Savings™ platform has been recognized on numerous occasions in 2015, having been competitively selected amongst hundreds of the “most creative” early-stage ventures by some of the most well-regarded in this category – 500.CO, TECH WC, and CREATE 2015.

The InSpirAVE team has been scheduled to present in the first weekend of SXSW Interactive, on Saturday, March 12 at 3:30pm in Downtown Hilton (Austin, TX).

“At a time when three-quarters of households are living paycheck-to-paycheck and yet we don't remember 30% of what we buy at the end-of-the-month, the "intel inside" InSpirAVE empowers our users with access to thoughtful curation and ‘smart’ tools to discover the aspired purchases that matter the most to them. It is a particularly striking contrast when you see how our InSpirAVE path-to-purchase is powered through multiplication of savings, rather than through the reliance on unnecessary debt” noted InSpirAVE’s founder and CEO Om Kundu.

“SXSW’s recognition of InSpirAVE is a truly remarkable honor, and it reinforces the conviction our fast-growing community of Users, Team-Members, and Institutional partners have expressed time and again for our InSpirAVE mission to further a more sustainable foundation for retail consumption, in ways that place aspirations in the heart of commerce” added InSpirAVE’s CTO Mark Krofchik. 

“In the past seven years we have seen some of the most innovative startups compete in SXSW Accelerator. They have caught the eye of investors and leading technology companies, as more than 65 percent have gone on to receive funding in excess of $2.6 billion and 13 percent of the companies have been acquired,” said SXSW Accelerator Event Producer, Chris Valentine.

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