PropTech startup PayUp won the first Austin Startup Founder Showcase in Oct
Austin, Texas, Oct 24 – Austin Startup Founder Club announced PayUp as a winner of its first Austin Startup Founder Showcase in October. The showcase was co-organized with Startup Founder World, an online startup founder community based in Austin with deep roots in Silicon Valley.
PayUp, a Rex company with mission to build a future in which small and medium businesses have convenient and affordable access to the capital they need, was selected by the judging panel which included Andrew Romans, 7BC Venture Capital, David Cao, Managing Partner, F50 Ventures Ventures, Sunthar Premakumar, Founding Partner, Rex.
As the winner, PayUp will receive free global publicity and mentoring from the founder community. They will also join the Austin Startup Founder Bootcamp hosted at the Lost Ridge Ranch in Texas during Austin Startup Week.
“Austin Startup Found Club is a community as a service to support Austin’s great startups like PayUp,” said David Cao, Organizer of Austin Startup Founder Club.
“We want to create a world where access to affordable capital for small and medium businesses becomes the norm.” PayUp CEO Denver Lobo said.
Peter Rex, PayUp’s co-founder and executive Chairman, and also the founder of Rex explained, “We know that empowering small and medium businesses to control their financial destiny elevates individuals, families, and communities.”.
PayUP recently signed a channel partnership with ResMan, one of the leading software providers in the property management industry. This partnership alone gives PayUp access to 100K+ Vendors. PayUp also signed a letter of intent with a strategic lender for a multi-million dollar line of credit, allowing PayUp to fulfill their increasing lending demand. PayUp is currently raising capital to continue developing their technologies, scaling their team, and getting their product into the hands of the thousands of vendors who need it most.
The Austin Startup and Founder Club is a startup founder community based in Austin, Texas. Austin Startup Founder Showcase is the flagship monthly event for the community
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Linkedin: https://www.linkedin.com/company/austin-startups/
Meetup: meetup.com/founder
Apply for Startup Founder Showcase https://atomic-temporary-45280103.wpcomstaging.com/demo/apply/
Startup Founder World is a global community startup community, organized from Silicon Valley and Austin Texas; broadcast globally on YouTube.
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DavidCao01 View All
David Cao is a community builder, investor, and entrepreneur at the forefront of the Physical AI and Embodied AI ecosystem. He is the Curator of the Physical AI Newsletter and Managing Partner at F50, where he leads initiatives engaging innovators, investors, and industry leaders across manufacturing, construction, and real estate.
He is the Producer of the F50 Physical AI Summit and the Future 50 Physical AI Builders Program, platforms designed to spotlight and accelerate breakthrough entrepreneurs. As a community and ecosystem builder, David has founded and nurtured networks spanning Silicon Valley and the Greater Austin–San Antonio Corridor, including SVE, Silicon Valley’s largest and oldest entrepreneurs community.
David is also a seasoned venture investor, having backed more than 40 companies across multiple sectors, including Knightscope (IPO 2022), Doc.AI (acquired by Sharecare, IPO 2021), Gummicube (acquired by Airship), Oculii (acquired by Ambarella), and Voke VR (acquired by Intel).
Beyond entrepreneurship and investment, he is a leading thinker on the North America Manufacturing Corridor from Monterey Mexico to Dallas, helping frame its role as one of the most dynamic and economically vital regions in the world. David is helping shape the next wave of Physical AI innovation in North America and beyond.
In his spare time, David explores the intersection of mindfulness and entrepreneurship. He is the upcoming author of Standing Meditation (forthcoming), and shares the practice with entrepreneurs as a tool for clarity, resilience, and presence.
F50 Physical AI Summit: http://physical.f50.ai
Future 50 Physical AI Builders: http://f50.ai/future
SVE Silicon Valley Entrepreneurs 