Irish tech firm wins EU’s top start-up competition
Cork-based entrepreneurs Trustev have been named Europe’s best young start-up as part of the Tech All Stars Awards 2013.
At the event in London last night, the fraud prevention firm managed to impress some of the world’s top investors, fending off competition from 12 other competitors to nab the top spot.
Co-founded by Pat Phelan and Chris Kennedy last year, the company specialises in identity verification through fingerprinting technology., the proprietary online service confirms identity by analysing and matching the user’s unique online presence while maintaining the individual’s privacy.
Part of Telefonic Ireland’s accelerator programme Wayra, Trustev currently employs 9 people in Ireland and plans to expand its workforce by 20 before the end of the summer.
The finalists, including Dutch company EcoChain and UK-based Snap Fashion, received €10,000 in Amazon web service and were whittled down from around 300 candidates initially.