Austin, Texas, Oct 24 –  Rex Tech Venture’s PropTech startup PayUp was selected as a winner of Austin Startup Founder Club‘s first Austin Startup Founder Showcase in October. The showcase was co-organized with Startup Founder World, an online startup founder community based in Austin with deep roots in Silicon Valley.

PayUp, a Rex company with mission to build a future in which small and medium businesses have convenient and affordable access to the capital they need,  was selected by the judging panel which included Andrew Romans, 7BC Venture Capital, David Cao, Managing Partner, F50 Ventures Ventures, Sunthar Premakumar, Founding Partner, Rex.  

As the winner, PayUp will receive free global publicity and mentoring from the founder community. They will also join the Austin Startup Founder Bootcamp hosted at the Lost Ridge Ranch in Texas during Austin Startup Week.  

“Austin Startup Found Club is a community as a service to support Austin’s great startups like PayUp,” said David Cao, Organizer of Austin Startup Founder Club.

“We want to create a world where access to affordable capital for small and medium businesses becomes the norm.” PayUp CEO Denver Lobo said.

Peter Rex, PayUp’s co-founder and executive Chairman, and also the founder of Rex explained, “We know that empowering small and medium businesses to control their financial destiny elevates individuals, families, and communities.”. 

PayUP recently signed a channel partnership with ResMan, one of the leading software providers in the property management industry. This partnership alone gives PayUp access to 100K+ Vendors. PayUp also signed a letter of intent with a strategic lender for a multi-million dollar line of credit, allowing PayUp to fulfill their increasing lending demand. PayUp is currently raising capital to continue developing their technologies, scaling their team, and getting their product into the hands of the thousands of vendors who need it most.

The Austin Startup and Founder Club is a startup founder community based in Austin, Texas. Austin Startup Founder Showcase is the flagship monthly event for the community

Austin Startup Founder Club Home

Linkedin: https://www.linkedin.com/company/austin-startups/

Meetup: meetup.com/founder

Apply for Startup Founder Showcase https://founderworld.org/demo/apply/

Startup Founder World is a global community startup community, organized from Silicon Valley and Austin Texas; broadcast globally on YouTube.