A Mexican company marketing a pre-paid debit card that connects to any smartphone or tablet won this week's startup competition at the Southland Southern Culture and Technology Conference. The company will receive $110,000 from the contest's 11 judges — with the stipulation that that money be the final $110,000 of a $4 million round that Sr. Pago executives plan to raising.
Sr. Pago was selected from a group of 10 early-stage companies that pitched at the conference. Its card will be sold at Best Buy or about $50.
“We were pretty surprised,” said Pablo Gonzalez Vargas, CEO of Sr. Pago. “As a Mexico-based company, we knew we would bring diversity to this conference, and it’s a very good thing for Southland to be this open to an international company.”
Separately at Southland, PandoDaily Editorial Director Paul Carr revealed that the staff of the website selected Nashville-based musical instrument maker Artiphon as their favorite company and said they will fork over a financial prize soon.
Sarah Lacy, whose Pando team is co-organizing next week's Southland conference at Marathon Music Works, says she has accidently exceeded her goal of having 10 judges for the event's startup pitch competition. The 11th investor to commit is Paul Judge, an executive at Barracuda Networks, which means the winning startup team will get the opportunity to negotiate for a $110,000 investment.
Year-old YouScience, which helps people map out their college and career plans, has landed $300,000 in funding as part of a plan to raise $1 million. The new cash comes less than a year after the company raised more than $5 million to get things going.
SEE ALSO: The company's website
The developers of InvisionHeart, a software application that lets cardiologists access electrocardiogram information through their smartphones or tablets, have received $100,000 from AOL founder Steve Case. The investment came at the end of Google For Entrepeneurs demo day in Silicon Valley and gets the InvisionHeart team several steps closer to its Series A goal of $1.25 million.
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