YellowPepper Receives 'CP Capital Inflection Venture Prize'

Dec 06, 2010, 09:02 ET from YellowPepper

MIAMI, Dec. 6, 2010 /PRNewswire/ -- YellowPepper, the leading mobile financial services company in Latin America and the Caribbean, announced today that it received the "CP Capital Inflection Venture Prize" during the Americas Venture Capital Conference held in Miami on the 17th and 18th of November 2010.

The prize recognized YellowPepper as a Latin American company with a proven track record poised at its inflection point for exponential growth in its target markets as its business plan takes flight.    

YellowPepper received a US$10,000 in-kind award of investment banking and fundraising services from CP Capital Securities, designed specifically to prepare the Company for presentation to the institutional venture capital community.

"We are delighted to be recognized with this award which will help further unleash the mobile banking revolution in Latin America and the Caribbean by providing an open platform that partners with banks, mobile network operators, merchants and consumers to enhance the quality of life and business opportunity for all stakeholders in the region through innovative mobile financial solutions," said Serge Elkiner, President and Founder of YellowPepper.

Jack Karabees, Managing Director of Corporate Finance at CP Capital Securities stated: "We believe that the mobile-advertising, mobile-payment and mobile-finance spaces are the most rapidly expanding markets within technology generally and mobile technology, as well as globally. YellowPepper simply exemplifies the model and the trend. We are very pleased to support them."

Fifteen companies had been selected as finalists for the innovation award and presented their respective business plans to the Conference Program Committee, competing for three different prizes.

About YellowPepper

Founded in 2004, YellowPepper with over 2 million users is positioned to lead the mobile banking/mobile wallet space in Latin America. YellowPepper's unique open-architecture platform allows banks, mobile network operators, merchants and consumers to access its network, providing the foundation for a robust payment ecosystem.  As of today, the Company is currently operating in eight countries, Colombia, Peru, Ecuador, Guatemala, Dominican Republic, Bolivia, Haiti and Panama.

About CP Capital Securities

CP Capital Group is an integrated financial services company whose primary focus and reason for being is to develop and nurture long-term, highly personalized relationships with each and every investor. With a dedication to excellence and unrivaled flexibility and freedom, CP Capital Group's offerings span from stocks, bonds, and mutual funds, to corporate finance, mortgage financing and real estate.

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