Spanish startup Cobee wins the global BBVA Open Talent competition

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Cobee, a Spanish startup that unifies, simplifies, and automates the management of social benefits and flexible employee compensation, has been named the overall winner of the BBVA Open Talent competition.

Cobee competed with two other international firms, Pineapple and Slyp, for winning the global award of the competition, to which more than 750 companies from 95 countries have presented this year.

The jury, composed of senior executives of BBVA, issued its verdict after hearing the proposals of the three companies in pitch format. The fact that "the platform helps users to get even more out of their money, in a simple and automated way, a vision very aligned with BBVA's strategy" has been valued.

Likewise, it has stood out “the facility that they offer to the employees to adhere to the services of flexible compensation, and to use them through a single card and app; it is a great differential value for the HR department at the level of benefits.”

Borja Aranguren, Co-founder and CEO of Cobee, has been convinced that having won this event will represent a turning point in the evolution of the company.

“If it was a privilege for us to have obtained this recognition in Spain, we are excited about this award globally. We thank BBVA Open Talent for their confidence in our project, which will encourage us to continue working on new challenges,” said Aranguren.

As part of its award, the company will receive 100,000 euros of investment through BBVA's startup creation study, which will also provide the company with a strategic advice plan, access to experts and other resources to continue growing its business.

In addition, Cobee will gain access to the 2019 Open Talent Acceleration Program, through which it will receive support from entrepreneurs and business units of the bank.

The program, designed jointly with the Instituto de Empresa and the Financial Times, includes 12 online training sessions and one week in person in Madrid, and concludes with a session in which they will present their work to investors, potential partners and business units of BBVA in search of financing and collaborative projects.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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