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Qumram Wins Swisscom StartUp Challenge 2016

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Zurich, Switzerland-based Qumram is one of five winners of the Swisscom Startup Challenge, a competition now in its fourth year. Along with Advanon, Fashwell, Nanolive, and Xsensio, Qumram has won a spot in a one-week business acceleration program in Silicon Valley that begins in September. “I was impressed yet again by the creativity and drive of these start-up companies,” Swisscom Chief Digital Officer and one of the competition judges, Roger Wüthrich-Hasenböhler, said. “I’m pleased that our program can support young entrepreneurs in making a start and promoting innovative strength in Switzerland.”

“It’s great when a plan comes together,” Qumram CMO Nicola Cowburn tweeted this week.

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More than 200 startups from fields ranging from IT and fintech to e-health and smart homes competed for the opportunity to be one of ten companies to pitch their ideas this week before the Swisscom jury of technology specialists. The mostly (90%+) Swiss applicant pool was judged on the basis of overall potential, as well as the chances for cooperation or implementation of the technology.

Also judging for the challenge were Adrienne Corboud, EPFL vice president; Dave Brown, Business Angel of the Year; and Beat Schillig, managing director of Venturelab. The pitch competition was held at the EPFL, which was recently called the #12 engineering school in the world in the Times Higher Education World University Rankings.

Qumram specializes in providing financial service organizations with a complete audit trail for every digital interaction and transaction, whether the channel is social media, mobile, or online. The company’s solutions help organizations take advantage of new communications channels while remaining compliant and mitigating risk. Founded in 2011, Qumram demonstrated its technology at FinovateSpring 2016. The company, which recently opened new offices in London and San Francisco, was featured by Swiss Finance Startups as its startup of the month in July. In June, Qumram added Peter Ödman and Patrick Barnet to its board of directors.

Qumram will demonstrate its latest technology at FinovateFall in New York, 8/9 September. Find out more about our upcoming fall fintech event.