Banking start-up Nexves wins Scottish EDGE Wild Card
Aberdeen-based banking start-up Nexves has grabbed some cash and glory with a win at the Scottish EDGE competition.
While the £10,000 prize may not be a huge sum in the vast world of fintech it’s still a good sign of progress and its first win – as a Scottish EDGE Wild Card.
As reported in June, Nexves landed in our world by saying it was flying the flag for democracy and preparing to unleash its financial platform.
In the latest development, Nexves’ platform, which integrates with an existing bank account, was described as a “real disrupter with huge potential” with its service acknowledged as a “groundbreaking idea”.
Chris Herd, founder of Nexves, says: “What Scottish EDGE does is incredible; it acts as a platform for the most exciting Scottish companies to emerge from, which is immeasurable, and it will pay dividends for decades to come.”
He adds: “Scotland’s world renowned for its audacity, standing up for the little people and doing the right thing – something which matches Nexves’ ethos.”
The competition was held at the Royal Bank of Scotland’s (RBS) headquarters in Edinburgh.
This event is backed by the bank, the Hunter Foundation and the Scottish Government, and is aimed at helping Scottish start-ups to accelerate their growth. To date, it has awarded over £11 million to the country’s entrepreneurs.
Nexves is currently enrolled in Elevator’s and RBS’ accelerator programmes. The £10,000 cash prize injection will help it launch a public campaign and redesign the platform’s user interface.
The start-up plans a full public launch in Q1 2019. Right now, it is sending invitations to the beta platform to the users who have pre-registered for the service.