PITTSBURGH and NEW YORK, March 9, 2016 — InSpirAVE has been recognized by SXSW — as one of only eight finalists selected to present across the Payments and FinTech categories — at the 8th Annual SXSW Interactive Festival’s Accelerator Competition, in Austin, Texas, on Saturday, March 12, 2016.
InSpirAVE will showcase its proprietary Internet-of-Savings® platform, during the marquee event of SXSW’s Startup Village.
Om Kundu, founder and CEO of InSpirAVE, noted the organization’s social impact mission to empower consumers “to fulfill their important purchase goals without accruing debt is striking a chord particularly at a time when majority of households live paycheck-to-paycheck, and yet cannot recall 30% of their purchases.”
InSpirAVE equips users with thoughtful advice in their discovery and selection of the aspired purchase goal. Powered by InSpirAVE’s Internet-of-Savings® platform, a personalized plan then helps amplify savings until that aspired purchase is fulfilled. “Ultimately,” said Mr. Kundu, “we help fulfill aspirations that may otherwise have been unattainable.”
InSpirAVE’s partners include Lamour Group’s portfolio of global brands. Ryan Craver, CEO/Trimfit who previously led strategy at Lord & Taylor/Hudson’s Bay/Saks and now does so for Lamour’s brands remarked, “InSpirAVE provides our global brands access to a unique platform founded upon aspirational purchasing using a highly targeted, captive audience.”
“SXSW’s recognition of InSpirAVE is a truly remarkable honor. It reinforces InSpirAVE’s mission to further a more sustainable foundation of retail consumption for our fast-growing community of users, team members, and institutional partners,” added InSpirAVE’s CTO Mark Krofchik.
Ventures selected by SXSW Accelerator represent some of the most innovative and “incredibly creative.” The event’s producer Chris Valentine added that 65% of them “have received funding in excess of $2.6 billion.”
About InSpirAVE — The Internet of Savings®
InSpirAVE‘s Internet-of-Savings® platform — backed with patents published across 148 countries — revolutionizes retail commerce by equipping consumers with an end-to-end discovery and savings path: attaining the merchandise and experiences that matter the most is made possible, without the burden of debt.
Merchants and banking institutions within InSpirAVE’s ecosystem benefit materially from increased purchasing power and deeper customer relationships.
InSpirAVE’s platform was previously recognized as SG 2016 inductee, and as PayX presenter by AMERICAN BANKER, PaymentsSource for technology representative of “what’s next”. InSpirAVE’s leadership comprises retail/financial services subject-matter-experts who collectively bring a track-record of 100+ years, having driven growth for some of the most well-recognized institutions across the sector.