Ambitious startup Lien Library that’s solving the problem of “interacting with and processing lien information on properties” has been awarded a $25,000 grand prize at the Endeavors Pitch Competition, Miami Herald reports.
Lien Library founded by Haitian native Macdeur “Mac” Alabre was conceptualized while encountering issues with lien processing during his time working for the city of North Miami. The 27-year-old was on his way to completing his master’s in business administration and Ph.D., so he put his acquired programming and financial knowledge to the test and developed a new system.
The system proved to be promising as it received a stamp of approval from the city of Miami, which is now considering embedding the Lien Library into their internal systems.
“I said, ‘I found something, and I think it’s big,’” Alabre said.
Now, the startup has won big, taking home the grand prize of $25,000 and an additional $25,000 in credits for Microsoft’s Azure platform. The competition was endorsed by the city of Miami, the Miami Herald and Microsoft. The judges from the competition were Dami Osunsanya (Head of Value Creation & Vice President at Softbank Opportunity Fund), Mariano Amartino (Director for the Americas at Microsoft for Startups) and Jane Wooldridge (former Business Editor at The Miami Herald).
According to the Miami Herald, director Amartino shares the Lien Library will be helpful to resolve the current issues existing for different stakeholders.
“A lien is part of an everyday process: buying and selling a house,” Amartino said, according to The Miami Herald. “Having the ability to empower cities to digitally manage lien payments and information would be amazing for cities, and for the wider population. The other thing is, Mac, he has such a focus and a fully developed plan in his head that was super compelling.”
Well, it is clear Alabre has a lot to celebrate with new earnings and a big client locked in.