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Acudeen

Enables small enterprises to liquidate their receivables by way of invoice discounting through an online facility that connects them to financial institutions.

  • Stage Prototype Ready
  • Industry Fintech
  • Location Manila, NCR, Philippines
  • Currency PHP
  • Founded March 2016
  • Employees 8
  • Incorporation Type C-corp
  • Website acudeen.com

Company Summary

Acudeen is a technology enabler for small enterprises that want to liquidate their receivables by way of invoice discounting through an accesible online facility that connects them to financial institutions.

Acudeen's key feature is its online subrogation facility wherein banks no longer need to securitize receivables since single invoices can be bought securely, no matter the size through our out of the box, yet simple underwriting model.

Team

  • Mr. Fetalino has a vast experience in business management, formerly the President of Mosman NewMedia, Inc. He crafted business strategies for two industry awarded business firms in the Philippines and one in Hong Kong. He took up B.S. in Entrepreneurship in the University of Santo Tomas. He is part of the 3rd batch of Founder Institute Manila. He is currently taking up his Masters in the Ateneo Graduate School of Business.

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    Mario Salazar
    Co-Founder and CTO

    Mario has 10 years direct and indirect working experience in Acquired Real Estate, Remittance, Anti-Money Laundering and Credit Application domain with Philippine National Bank and National Computer System (NCS) – a company that provides technical solutions to Development Bank of Singapore (DBS).

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    Malaya "Aya" Laraya
    Interim CFO

    Mr. Aya Laraya is a Certified Securities representative, a Certified Investment Company representative, a realtor, and a writer, with an MBA from University of Western Australia. He has 25 years of finance and investment experience and has started his stint in the stock market as a simple runner for the old Philippine Stock Exchange. He is currently a Fund Manager for COL Financial and a lecturer in different universities.

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    Jasper Franco
    CIO (Chief Information Officer)

    He is the current Regional Territory Lead of BeyondTrust Software, one of the leading cyber security companies globally, which provides the visibility and control necessary to prevent data breaches, maintain compliance, and ensure
    business continuity in a lot of banks in the region.

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    Head of Market Research

    Mr. Yacine Derradji is graduate student and Head of Development of European Business School FIA, a Student Investment Club & Business Society. Yacine has multiple experiences in SMEs cross-functional positions, Accounting & Finance, Risk Management, Venture Development, Startups and Private Equity. He is also a CFA Level 1 candidate.

Previous Investors

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    Original Pitch Venture Capital (JJ Atencio)
    Unconfirmed
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    Rogelio Laraya Group
    Unconfirmed