Vigo won the grand prize of €10’000 no-strings-attached cash in the accelerator programme organized by the European fintech unicorn Adyen, as well as mentorship from some of the Adyen’s most talented experts. The cash prize will be invested in further growth of the company.
The company participated in an accelerator programme organised by Adyen with 9 other companies from the UK, Spain and the Netherlands, and competed for the main prize. The one-week long programme took place in Amsterdam, ending on 21 February with the pitches.
Kristaps Krafte, CEO of Vigo, said: “As a company, we are first and foremost pleased with the knowledge gained through the program and the contacts we now have with Adyen experts, whose experience is very useful for us at this stage of the development. And, of course, winning the grand prize is a powerful incentive for our entire team to continue our work.”
Adyen is a global fintech company based in Amsterdam in 2006 offering payment technology solutions for brands like Spotify Technology SA, Ebay, Netflix, Uber, Gap Inc. etc. Launched as a start-up, it became the 6th largest unicorn in Europe at a valuation of $2.3 billion in 2015. In 2017, it was granted a European banking license and in 2018 it was listed on the stock exchange. Adyen’s net revenue was 348.9 million euros at the end of 2018, achieving 60% annual growth.