April 21, 2024

IOL Inc., an artificial intelligence focused systems development startup founded by a team of talented locals from Baguio City, announced its flagship product, Zigmafy, has won the Audience Award in the International Division at Finopitch 2024, a prestigious global FinTech pitch contest held in Tokyo, Japan.

Finopitch, sponsored by Finolab Co., Ltd., showcases innovative FinTech services from startups worldwide. This year, 23 companies (11 domestic, 12 international) presented their cutting-edge solutions to a panel of judges and a global audience.

Zigmafy, an AI-powered retail management platform developed by IOL Inc., captured the audience’s attention with its unique capabilities to optimize operations and drive growth for small and medium enterprises. By leveraging advanced AI technology, Zigmafy empowers SME retailers with actionable data-driven insights to enhance inventory management, sales analytics, and customer engagement.

“As a homegrown Baguio startup, we are incredibly honored to receive the Audience Award at Finotech 2024,” said Kevin Gayao, founder and chief executive officer of IOL Inc.

“This recognition not only validates our mission to revolutionize retail management for SMEs through AI but also highlights the talent and innovation coming out of our local community. We are proud to represent Baguio on the global stage.”

IOL Inc.’s team comprises skilled professionals from Baguio City and nearby provinces. The startup was founded in October 2019 with a vision to empower businesses through cutting-edge tech solutions.

“We are excited to continue our journey of transforming the retail landscape with innovative AI solutions developed right here in Baguio,” Gayao added.

“This award is a testament to the hard work and dedication of our local team.”

IOL Inc. expresses gratitude to the organizers, judges, and audience at Finopitch 2024 for the opportunity and recognition.

The startup looks forward to expanding Zigmafy’s reach to empower more businesses across the Philippines and Southeast Asia. – Press release