MasterCard is Helping Later-Stage Startups to Grow Quickly - Robotics Online
Language:
Sign up

News

MasterCard is Helping Later-Stage Startups to Grow Quickly


05 Jun 2021

Mastercard wants to help later-stage startups grow quickly and find new funding. They’re giving six-month virtual program to companies with the potential to scale and inspire big investments. One of MasterCard’s programs is Start Path, which provide startups with a single-entry point to Mastercard’s wide fintech portfolio. It also offers access to many other companies that can help them grow quickly.

Start Path reviews over 1,500 applications and selects around 40 companies that have the most promising innovations and are ready to grow. Start Path was founded in 2014 and since then has been giving 230 startups help with operational support and commercial engagements within the Mastercard ecosystem. These are some of the later-stage companies that have been selected to be part of the network:


Hoolah – It’s the leading omnichannel payment company in Asia (Buy now, pay later).


MX51 – This platform helps banks increase revenue and customer engagement by allowing them to provide innovative payment functionality.


RYD – It’s a connected car platform that lets drivers pay in-app at the pump or in station without leaving the car.


SmartPesa – They develop solutions related to payment systems and agency banking. They provide the tech, so that merchants and banks don’t have to.


Thought Machine – It builds the core banking technology that will empower banks to move away from legacy systems and towards cloud-native ones, for a better user experience.


Ukheshe – It’s a technology company that partners with banks and telecom providers to solve the problems of small business owners. It basically provides informal micro-enterprises with incredible digital banking services.


Worldcoo – It’s a fundraising platform for NGOs/charities that are supported by retailers committed to round-up the purchase amount when using their POS system.


Enveil – It provides data protection measures to securely search, share, and collaborate on data. This allows you to use third-party data privately without any risk of user exposure.


Goalsetter _ It’s a savings & financial literacy platform which helps parents to save easily, teach their kids about money from an early age and help teenagers to spend responsibly.


Zinobe – It provides a data-driven approach to lending, helping underserved consumers and small businesses get credit.


ConnexPay – It offers a way for risk and expense to be minimized when accepting or issuing payments through online travel companies and e-commerce providers.


Mylo – It automatically invests your spare change into a fully managed portfolio that will help you reach your financial goals.

MasterCard has a passion for innovation and aligns its values with the companies it selects for its program. Start Path develops opportunities for startups and helps corporates to scale cutting-edge technologies that are shaping the future of business.

Worldwide News

Uphold cryptocurrency exchange launches a debit card rewarding users in XRP

Uphold, one of the largest cryptocurrency exchanges, has launched a new cryptocurrency debit card for customers in the United Kingdom. The debit card will give users rewards of up to 4% in the XRP tok...


Silvergate Capital says FTX deposits account for below 10% of all digital asset deposits

Silvergate Capital has issued an update regarding the recent developments with the FTX exchange. The company has said that FTX deposits accounted for less than 10% of the total deposits made by digita...


Sam Bankman-Fried Proposes A Crypto Regulation That Includes Sanctions

Chief Executive Officer of crypto exchange FTX, Sam Bankman-Fried (SBF), has proposed a crypto regulation model where blocklists and sanctions will be used. He noted that crypto regulation is inevitab...


Over 3 Million Reddit Users Line Up To Scoop On Polygon NFTs

In July, Reddit joined the non fungible token (NFT) bandwagon after launching a marketplace that enables users to purchase blockchain-based pictures for a fixed price. Users are now responding massive...


Solana Infrastructure Startup Helius Raises $3.1 Million In Funding

Solana infrastructure startup Helius has raised $3.1 million from a seed round. The funding round was led by Chapter One and Reciprocal Ventures. Other firms also participated in the round, including...