Joining the FinextraTV virtual studio, Alain Raes, Co-Founder and Chief Commercial Officer, iPiD reflected on their win at the EBAday Fintech Zone Award 2023 and provided valuable insights into how these competitions can challenge a company to be better.
Raes explains that, as a young company, their demo was in an early stage and their pitch quite simple, but that this was an advantage. Raes further described how the process made them rethink what their primarily value was to consumers and the wider market and that, following the win, it provided a natural validation tool that they were following the right path.
Ending with a final piece of advice to future entrants, Raes said to take inspiration from the simplicity of their demo at the time and to ensure that, however sophisticated the demo is, the value proposition is the key.
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