“Through Start Path, Mastercard creates a springboard for fintech companies that are driving a more inclusive digital economy and helps them accelerate the way they change the world,” shared Amy Neale, Senior Vice President, Fintech & Enablers.
Among the 11 startups that joined Mastercard Start Path Global Network was Kwara, the Kilimani based startup transforming credit unions into modern, digital banks with a credit union operating system and neobank experience for their members. Other startups that have been selected to participate in Mastercard Start Path include Finmod, Flourish Savings, GenEQTY, Karri, KeyChain Pay, Layer, Osper, Swap, upSWOT, and Wellthi.
The startups are using gamification, behavioural science, social banking platforms, and more to modernize payments. Of this group, GenEQTY, Finmod, and Wellthi are joining the new Mastercard Start Path track dedicated to supporting early-stage startups led by founders from backgrounds underrepresented in the fintech space as part of Mastercard’s In Solidarity commitments.
“We’ve seen tremendous growth across the fintech landscape, and more people are benefitting from the digital economy than ever before, whether they’re gaining access to credit for their small business through open banking or securely making payments to their child’s school from the comfort of their smartphone,” said Amy Neale.
Mastercard opens door to startups around the world looking to grow platforms across open banking, predictive financial modelling for small businesses, smart rental payments, and beyond.
The following startups are joining this growing network to rapidly scale their business:
As the fintech landscape continues to evolve and diversify, Mastercard embraces opportunities to support and collaborate with digital players to unlock potential and build the next generation of commerce.
Ready to scale your business with Mastercard as your global partner? Apply to Start Path here. To learn about trends in the fintech industry, check out the latest report by Start Path and KoreFusion here.