Makers of mobile bitcoin wallet Pheeva win Wash U startup contest

Dave Sutter (left) and Casey Lawlor, members of the winning team from Love Will Inc., pose with the Olin Cup. | Courtesy of Mary Butkus/Washington University
Dave Sutter (left) and Casey Lawlor, members of the winning team from Love Will Inc., pose with the Olin Cup. | Courtesy of Mary Butkus/Washington University

Love Will, Inc., a startup developing financial tools for virtual currencies, won the Olin Cup competition last week at Washington University in St. Louis, the school announced in a news release.

Pheeva, the startup’s first product, is a mobile bitcoin wallet and peer-to-peer transaction application designed to help users send and receive money quickly and inexpensively. Four Washington graduates founded the company.

The Olin Cup, sponsored by Washington’s Skandalaris Center for Interdisciplinary Innovation and Entrepreneurship and the Olin Business School, is meant to help identify and train budding entrepreneurs. A total of 26 teams competed this year, with the top four teams receiving funding and mentorship.

Three teams were recognized as finishing tied for second place: Applied Particle Technology, LLC, which makes air treatment and filtration systems; Dabble, a startup building an online platform to help people find classes in their community; and HamStrong, makers of a prosthetic hamstring device.


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