VESL, a fintech startup focussed on trade finance, has been announced the winner of She Loves Tech Philippines 2019, a pitch competition for top local female founders.

The startup also bagged the SparkUp’s Bayanihan Ecosystem Award, along with 1Export, and StyleGenie.

While VESL enables SMEs to grow their business abroad through a trade credit insurance paid on a pay per invoice basis, 1Export Trade and Services aims to lower the barrier of exporting to empower small and medium enterprises (SMEs) in entering global market. StyleGenie, on the other hand, is a fashion-tech startup that offers personal styling service so customers can try on pieces first before they buy.

The winners were selected from the 10 founders, who participated in a pitching competition hosted by QBO Innovation Hub (Philippines) and She Loves Tech.

Also Read: Women-focused startup competition ‘She Loves Tech’ comes back to Philippines

Led by an all-women founding team of Maureen Nova Ledesma, Jessica Manipon, and Yroen Guaya Melgar, VESL aims to boost economic development in Southeast Asia through a platform that connects trade lenders and businesses to per invoice trade credit insurers. The startup was accelerated by Startupbootcamp in Fintech in 2017.

Along with the award, VESL will get a US$15,000 activate package courtesy of Amazon Web Services, copies of The Finishers courtesy of Ambidextr, and media values from tech-focused publication SparkUp. Additionally, VESL will move on to the global stage of She Loves Tech, getting a free trip to Beijing to attend a bootcamp.

Founded in 2015, She Loves Tech is an initiative showcasing the convergence of the latest trends in technology, entrepreneurship, innovation and the opportunities it creates for women. The program is designed to give the world’s most promising women tech entrepreneurs and women impact startups an opportunity to showcase their businesses to a global audience of investors and influencers.

So far, She Loves Tech has  featured over 1,000 startups across the globe in its four years of existence, who have gone on to collectively raise more than US$70 million dollars from top venture capital firms like Sequoia Capital and Wavemaker and top tech companies like Microsoft and Amazon.