Applications for Start Path Global 2017 open until April 23, 2017
Johannesburg, South Africa – April 11, 2017: Mastercard is calling for applications for its next Start Path Global 2017 class, the company’s global initiative to support innovative later-stage startups who are reshaping the future of commerce.
The programme is open to startups from South Africa and across the world who are rethinking banking and payments and have raised a significant seed or Series A round of investment.
During a six-month virtual programme, Start Path provides startups with the operational support, mentorship, and investment they need to develop the next generation of commerce solutions and grow their operations. Selected companies further benefit from the knowledge of a global network of Mastercard experts, access to Mastercard customers and partners including global corporate brands spanning banking, retail, tech and telecoms, and the ability to innovate on top of Mastercard solutions.
“Fintech startups around the world are designing a digital future,” said Amy Neale, Vice President, Mastercard Start Path. “They’re bringing a different approach to enhance customer choice and experience across the industry. Our work with these startups helps connect new technology with reliable, secure financial networks and processes to create an even more rewarding and seamless commerce experience.”
Putting Ideas into Action
Since 2014, the Start Path team has received interest from 5,000 startups, and has worked with 100 companies across 24 countries. Through the first four classes, 20 percent of the participants have worked with Mastercard in commercial engagements or pilots.
Mastercard is collaborating with DigiSEq, an IoT payment device enabler, to connect DigiSEq device manufacturer customers with Mastercard tokenization services and enable payments on wearables. Kasisto, the company that created the conversational KAI Banking AI platform, is currently piloting a bot for banks for Mastercard employees that allows consumers to transact, manage finances, receive contextual offers and learn about benefits via messaging platforms. RecargaPay, a mobile payment solution that enables Latin American consumers to top-up their prepaid mobile phones and pay for utility bills, partnered with Mastercard to launch a card-on-file marketing promotion to attract new users.
Applications for the next six-month virtual programme are open until April 23, 2017. Interested startups can visit https://www.startpath.com/ for additional information and to submit an application.
The programme is open to startups who meet the following criteria:
- Solution live in market;
- Established and experienced team;
- Targeting sizeable market opportunity;
- Demonstrable advantage over competitors;
- Seed or Series A investment recently secured.
About Mastercard Start Path
Mastercard Start Path is a global effort to support innovative startups developing the next generation of commerce solutions today. Start Path was launched in 2014 with an objective to help startups to grow their businesses faster than they could by themselves. Startups that join the program can benefit from the knowledge of a global network of Mastercard experts, access to Mastercard customers and partners, and the ability to innovate on top of Mastercard solutions. Mastercard customers that join the program as partners get connected to the best and brightest startups and gain access to innovations from across the globe. For more information visit www.startpath.com or follow Mastercard Start Path on Twitter at @MAstartpath.
Mastercard, www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter: @MastercardMEA and @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Mastercard Engagement Bureau.
Mastercard Communications Contact
Birgit Deibele, +27 71 464 0983
Click here to subscribe to real-time alerts.