International Business Wales has awarded personal money management software provider Who Stole My Money, as the country winner for New Zealand in the Technium Challenge International 2009.
Founded by innovator Grace Xue, www.whostolemymoney.com uses community intelligence and smart file upload engine technology to directly address the two main problems people face in budgeting, making it extremely easy for people to get started budgeting and to manage their finances.
Technium UK and International Business Wales (IBW), a part of the Welsh Assembly Government, will give one high-growth technology company a UK business passport which will enable them to open an office in Wales and reach the 420 Million-plus European and UK markets.
Who Stole My Money follows in the footsteps of New Zealand companies TracPlus Global and Xero, former winners of the International Technium Challenge.
Gareth Davies, representing International Business Wales says the standard of the New Zealand competition remains excellent and the quality of the presentations was very good.
“We were impressed with the high standard of the presentations of the six finalists, but Who Stole My Money clearly stood out from the rest in terms of their business proposition for expansion into the UK market, proven success and established clientbase.”
With free office space in a Technium centre and business advice, the winning company can invest their finances and energies into growing their business rather than struggling with expensive new overheads, different laws and understanding an unfamiliar market. Entrants taking the Technium Challenge will also receive benefits at every step of the way, says Davies.
Who Stole My Money founder and CEO, Grace Xue, says that she is looking forward to the next stage of the competition, representing New Zealand in Wales.
“We are honoured to be selected and delighted that the judges recognised the potential of Who Stole My Money. We are making a difference here in New Zealand, helping people to understand and get control of their spending, and the opportunity to expand to a much bigger market is exciting. Already we have 500 UK-based subscribers and we’re confident that our product can make the transition to UK and European markets.
“I’m aware that kiwi Technium Challenge finalists have a big reputation in the international competition, and will be doing my best to continue that tradition.”
Who Stole My Money, Corner Solutions International, Sleep Limited, Thureon Limited, iMonitor Limited, and Phosphor Essence presented their business cases yesterday to Peter Wren-Hilton, CEO of Pingar and International Business Wales representative Davies.
Grace Xue will join the winners from 14 other countries travelling to Wales in late-May for one week to complete the last stage of the Challenge and take their shot at the worldwide title.