SKN Entrepreneur Excels In OECS Business Model Competition

Basseterre, St. Kitts,  October 1st, 2020 (ZIZ News):

By: Chaïra Flanders

Alex Straun of St. Kitts and Nevis is one of three entrepreneurs who emerged as winners of the inaugural OECS-Republic Bank Business Model Competition.

Although he did not win the competition, Alex Straun of Genesis Payment Solutions, St. Kitts and Nevis took home the third place prize of U.S five thousand dollars.

Jody White of Trinidad and Tobago was announced the winner of the competition and will receive the first place prize of U.S twenty thousand dollars while Trevaun Solomon of Antigua and Barbuda, took home the second place prize of U.S ten thousand dollars.

Straun’s Genesis Payment company developed the region’s first e-money solution combined with a commerce platform now known as JAD, which aims to provide an affordable way to store, transfer money and digitise business processes regardless of banking status.

In an article posted via the OECS Newsroom, it states that the OECS-Republic Bank Business Model Competition is a “strategic initiative of the OECS Sustainable Development Movement designed to strengthen entrepreneurship in the Caribbean through capacity building, access to investors and leveraging opportunities.”

The final of the Business Model Competition was a Pitch Battle with Star of ABC’s Shark Tank & CEO of the Shark Group, Daymond John, featuring the top eight (8) entrepreneurs.