Perth start-up wins Silicon Valley comp

Perth bank security start-up BankVault has won its category at the World Cup Tech Challenge in Silicon Valley, beating out a range of start-ups from across the world.

Speaking to thewest.com from Silicon Valley after his start-up was announced as the winner in the fintech category, Bankvault founder Graeme Speak said it opened up a world of opportunity.

“It’s massive,” Mr Speak said. “We’ve had a lot of introductions to people in Silicon Valley connected with a lot of big money over here.

And the win will help us launch internationally.”

Bankvault is aiming to prevent online hacking through a banking security solution connecting smartphones and computers to a virtual computer hidden in the cloud.

The company beat out two other finalists from Denmark and France.

It is the third time the World Cup Tech Challenge has taken place at his home, Microsoft’s campus in Mountain View.

Mr Speak said the competition itself was a tough process.

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Source: Perth start-up wins Silicon Valley comp – The West Australian