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Icelandic Software Wins Award

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Icelandic Software Wins Award

World Summit Award

The Icelandic software company Meniga is one of 40 companies from 24 countries to win an award at the UN-based World Summit Award, according to pctechmag.com. Winners are awarded for digital innovation with impact on society. This year, the nominations were 386 from 178 countries. Meniga was awarded in the category of Business and Commerce. This was announced yesterday.

Meniga was established in 2009, following the financial crisis, and at first employed five people, according to RÚV. The number of employees has since grown to 100 and the number of people using Meniga’s services is now 25 million in 16 countries . Last year, the company’s annual sales surpassed ISK 1billion for the first time.

Meniga CEO Georg Lúðviksson described the software in an interview with RÚV last night. He said it was intended as a tool to help people organize their finances by showing them how much they spend on each category every month. The positive social impact, he noted, is that every other user reports using the software has made him/her more financially responsible.

The World Summit Award winners will receive their awards at the WSA Global Congress in Shenzhen, China in February 2016.

Pctechmag.com quotes WSA Chairman Peter A. Bruck as saying:

“To drive meaningful and relevant digital innovation, you have to connect people. With the WSA we recognize innovation of tomorrow already today. This year’s winners are an excellent selection of this momentum, matching local solutions to local needs. Shenzhen will offer the special stage to highlight these masters of innovation.”

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