FLASHiZ Acquired by FEXCO

Picture it: you’re on a first date and it’s going really well. Then it comes time to pay the bill. Instead of plopping down a wad of cash or a worn out credit card, you whip out your smartphone like James Bond and just take a picture of the bill. Boom; it’s paid. Dry Martini, […]

Picture it: you’re on a first date and it’s going really well. Then it comes time to pay the bill. Instead of plopping down a wad of cash or a worn out credit card, you whip out your smartphone like James Bond and just take a picture of the bill. Boom; it’s paid. Dry Martini, shaken not stirred.

This is what FLASHiZ, a universal mobile solution company will allow users to do. It’s applicable across multiple channels, including payments in shops, over the Internet, and paper invoices. FLASHiZ was started two years ago in Luxembourg. It went on to join Plug and Play in April through an accelerator bridge, coming to Silicon Valley for a three-month program. It was during this program that FEXCO, a European financial services company based out of Ireland, acquired FLASHiZ.

We had a chance to sit down with Nicolas Vilmart, CTO of North America and Daniel Chatelain, Board of Director and serial entrepreneur. They shared their thoughts on their experience at Plug and Play, as well as gave some advice for other startups trying to find their way.

Plug and Play has an expanding international program, forging ties with accelerators all over the world in an attempt to connect the brightest entrepreneurial and technological minds.

“When it comes to startups, Plug and Play’s relationship with international accelerators allows the cream of the crop from around the world to come and explore Silicon Valley.” Nicolas said.

When Plug and Play hosts a startup, they have access to a variety of resources, mentors, and networking opportunities. Nicolas mentioned the importance of learning how to pitch to the US market, which, along with his English, he got to improve here. Daniel, who lives in Silicon Valley, is familiar with the all the area has to offer.

“There are a lot of startups that interact and help each other, Entrepreneurs in residence and advisors that help you grow and adapt, and the large companies that are involved.” Daniel said. “The Plug and Play events are great places to make connections.”

We asked Daniel and Nicolas what advice they would give to other start-ups, and this is what they said:

“Focus on your business. Make connections and relationships because what’s important is not that you present a plan and have VC’s sign it right away, but rather it’s building a relationship. When you get money from a VC, you’re getting a wedding ring that lasts many years to come, so make sure that the VC you bring on board is the right one. Focus on business and money will come.” Daniel said.

“If you are a European startup, you should find an opportunity to come to Silicon Valley. It’s true that on the one hand it’s very expensive to live here, but at the same time everything happens here. Startups from all over the world have a foot in Silicon Valley, and just being here helped us network in the US as well as Europe.” Nicolas said.

FLASHiZ has a bright future ahead of it, and we at Plug and Play wish them all the best.


If you liked what you read, please share it with friends.