Endeavor Selects Six Entrepreneurs From Four Markets at the Sixth Virtual International Selection Panel
Endeavor selected six entrepreneurs from four markets at its Sixth Virtual International Selection Panel (ISP). Endeavor now supports 2,089 entrepreneurs leading 1,304 companies in 37 markets around the world (read more about the newly selected entrepreneurs below).
The Virtual ISP was presented by Softbank, with additional support from AXA, Bain, Cooley, EY, HSBC, Silicon Valley Bank, and Zoom.
Typically held eight times per year, the ISP is the culmination of a rigorous multi-step selection process to identify high-impact entrepreneurs who demonstrate the potential to leverage Endeavor’s resources and mentorship to create large-scale wealth and jobs, and are committed to reinvesting their time and money in their local entrepreneurship ecosystems to help others take off. Beyond the selection process, ISPs are also unique international gatherings that bring entrepreneurs, dedicated business leaders and staff together across borders and industries, and allow them to make connections they may never have otherwise. This event marks the sixth Virtual ISP that Endeavor has held.
Over the course of three days at the Virtual ISP, panelists utilized Zoom breakout rooms to interview a small group of high-caliber entrepreneur candidates about their businesses. In “deliberation rooms” — private Zoom meetings with only Endeavor staff and panelists — panelists evaluated the entrepreneurs on their potential for high-impact growth, discussed which candidates should be selected to become Endeavor Entrepreneurs, then voted unanimously to select the newest Endeavor Entrepreneurs.
Panelists at the ISP included: Andy Tsao, Managing Director, Silicon Valley Bank; Eric Santos, Founder & CEO, RD Station (Endeavor Entrepreneur; Endeavor Brazil Board Member); Melissa Guzy, Co-founder & Managing Partner, Arbor Ventures; Nabyl Al Maskari, Executive Chairman, Al Maskari Holdings (Endeavor UAE Board Chairman); Ruby Gadelrab Tudor, Founder & CEO, MDisrupt; Tayo Oviosu, Co-founder and CEO, Paga (Endeavor Entrepreneur); Adolfo Babatz, Co-founder and CEO, Clip (Endeavor Entrepreneur; Endeavor Mexico Board Member); Dan Green, Corporate Partner, Gunderson Dettmer LLP; Mike Ahearn, Founder and Managing Partner, True North Venture Partners (Former Endeavor Global Board Member); Samantha Skey, CEO, SHE Media, Penske Media Corp; Shu Nyatta, Managing Partner, Softbank; and William D. Lautman, Managing Partner, Nexus Health Capital (Endeavor Global Ambassador).
As part of Endeavor’s network, the entrepreneurs selected at the Virtual ISP will gain access to comprehensive, strategic, global support services, including introductions to local and international business mentors, investors, and volunteers from Fortune 500 consulting firms who will help them address key needs.
Endeavor Entrepreneurs have had a significant track record of impact. Endeavor Entrepreneurs have created 4.1M+ jobs, generated $24+ billion in revenues in 2019, and help build sustainable growth models in their home countries.
Learn more about the companies and entrepreneurs selected below.
Entrepreneurs: Lincoln Ando and Raphael Melo
Description: Founded in 2016 by Lincoln Ando and Raphael Melo, idwall is a Brazilian regulation tech company that develops automated identity validation solutions, simplifying user onboarding for organizations in a variety of industries including financial services, commerce, logistics, and transportation. idwall helps its customers to comply with the regulatory environment in their markets while performing efficient verification and risk-management processes. Founded to help solve the challenge of distrust and fraud in the digital economy, resulting in $15B lost per year in Brazil alone, idwall seeks to build transparent relations between companies and people, creating an environment that drives the country’s economic development with more trusted connections.
Entrepreneurs: Santiago Suarez and Daniel Vallejo
Description: ADDI seeks to power digital commerce in Latin America starting by offering the best point-of-sale finance. ADDI provides underserved consumers with simple, affordable and transparent loans at the point-of-sale. Loans are presented as installment plans at checkout, with a clear schedule of payments due over time, and are approved in less than 10 minutes, while existing credit options might take hours or several visits to the store. ADDI helps make higher ticket products and services accessible for consumers who today have limited financing options. For merchants, both offline and online, ADDI’s POS financing options free up capital and improve sales by offering payment options at checkout.
Entrepreneur: Dare Okoudjou
Company: MFS Africa
Description: MFS Africa is the continent’s largest digital payments hub – connecting more than 200 million mobile wallets on the continent through one API. The company facilitates cross border payments, domestic payments, and collections for SMEs coupled with secure front-end business functionality. Mobile money was previously limited to domestic transactions within closed-loop schemes. The MFS Africa hub has solved this by facilitating interoperability, enabling instant cross-border and cross-network payments. They provide a single integration point to scale payments on the African continent, enabling transactions through secure and sound technology with best in class compliance capabilities and regulatory approval across markets.
Entrepreneur: Jay McHarg
Company: AeroSafe Global
Description: AeroSafe Global provides end-to-end cold chain as a service solutions to the biopharmaceutical industry. Since 2014, 80% of FDA-approved new pharmaceutical drugs are sensitive to temperature fluctuations, but managing cold chain logistics is highly complex and challenging, leaving pharmaceutical companies to decide between risking significant damage to their high-value products or very expensive shipping options. AeroSafe combines its proprietary temperature-controlled packaging products with its best-in-class logistics solutions to offer its customers 100% reliability, lower cost and increased environmental sustainability. Operating in the $17B global cold chain logistics industry, AeroSafe has secured many of the world’s largest pharmaceutical companies as its customers and continues to deliver unmatched reliability, service and value, resulting in significantly increasing market share of the North American geography.