Nahimat Adekoga
Mastercard has said 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 are open until April 23, 2017.
The programme is open to startups from Africa and across the world who are rethinking banking and payments and have raised a significant seed or Series A round of investment.
A statement from the company said focus is being placed on Africa to ensure the continent is well represented, with startups from all corners of Africa encouraged to submit their application.
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.”
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.
