Business-to-business payments platform Licuos has beaten off competition from more than 40 rivals to win the first edition of the Innotribe Startup Disrupt competition.
Licuos was one of nine start-ups to make it through the final at the Next Bank Madrid conference last week, where they pitched to an audience of around 200 industry players.
The panel of judges - Andrés Fontao and Fermin Bueno from finnovista, Nektarios Liolios from Innotribe, Gary Stewart from Wayra and the audience - chose Licuos as Spain's most disruptive FinTech startup, ahead of Fintonic, Tradeslide, Bull4all, Captio, Kantox, swaPay, Glownet, and TwitterTransfer.
The winner's patent-pending technology provides a platform where businesses can compensate and settle their commercial debts, helping them improve working capital and cash flow management.
Licuos' reward is a demo slot at the Innotribe space at Sibos in Dubai this September and start-up acceleration services from Wayra, Telefonica's accelerator, and Area 31, IE Business School's start-up incubator in Madrid.
Nektarios Liolios, Innotribe, says: "It was not an easy decision. All nine finalists did a fantastic job presenting their businesses and could easily compete with the start-ups who won our regional challenges in New York, London and Singapore."