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Software engineering senior Zakariya Veasy won first place in the 2022 Halloween Pitch
Competition for his company OMNIS, which is a crowdsourced social platform for individual
The 4th Annual Halloween Pitch Competition, hosted by the New Venture Accelerator and the Harbert College of Business, saw 19 teams compete for $5,000 in seed funding, before a panel of industry professional judges at Horton Hardgrave Hall.
When the scores were tallied, OMNIS came out on top and was awarded $2,000 of the prize money pool. OMNIS is a crowdsourced social platform where individuals borrow money through community and peer-to-peer short-term, microloans and where others can borrow money to meet their immediate needs.
Zakariya Veasy, a senior majoring in software engineering, founded OMNIS to address the problem of individuals with limited credit history being marginalized by traditional banks and exploited by predatory Payday Loan companies.
“Far too often, the underbanked and unbanked are forced to turn to high-interest payday loans to stay afloat at 400% interest as the average,” said Veasy. “The value proposition for OMNIS users is that it builds credit for demographics who are underserved and overlooked. With OMNIS, users are building up the community’s financial literacy and closing the generational wealth and credit gaps across the country.”
Other teams that received funding included:
Left to right: Scott Rowe won $1,000 for his startup idea Rodopto, Josh Green and
Tristin Pettus received $500 for Stretch & Go, and William Murphy and Avery Arasin
received $500 for their BAE app.
The Halloween Business Idea Pitch Competition discovers and rewards early-stage products, services or business concepts that emerge from Auburn University students. Last year’s winner, Room2Room Movers, founded by recent Harbert graduate, Brooks Fuller, is currently enjoying significant market success.
Special recognition and appreciation go to the judges who supported this year’s competition:
Feedback that competing teams share every year is that while the prize money is important, the insights and offers of alumni support, that will aid them in their longer-term business planning efforts, are by far the most valuable parts of the experience. It proves out once again that Auburn people always comeback and they always give back.
Congratulations to all teams who participated in the 2022 Halloween Pitch Competition: Atlas Esports - AbGlo - BAE – Balance Buddy – Bridal Jeans - Drop Out Flags – Flavivirus Resource Center - Gym Rat U – HyperTransport - Kaopetronite - LoLo Baking – Menu Match - OMNIS – Plainsman Financial Consulting - Rodopto – Seat Key - Stretch & Go – Tennis Taps – Your Tomorrow is Today.
NEXT UP: Tiger Cage where startup businesses will compete for $50,000 in startup capital.
Applications to compete in Tiger Cage are due by November 16, with the competition kicking-off on Friday, January 27.
To register for Tiger Cage, click HERE or contact Lou Bifano, director of the New Venture Accelerator at firstname.lastname@example.org for more information.