PURCHASE, N.Y.—Mastercard has invited 10 fintechs from around the world to participate in its startup engagement program, Start Path, to scale the future of commerce, the company said.
Mastercard will work with these companies through a six-month program to co-innovate and uncover opportunities that leverage Mastercard’s technology, expertise and network to drive the future.
“With the accelerated shift to digital experiences and rapidly evolving consumer behaviors, COVID-19 has created an immediate need for innovative technology solutions, and partnership opportunities abound. In both developed and developing areas of the world, technology can be the difference between merely surviving and thriving,” the company said.
“We all thrive when fintechs have access to the technology they need to reach scale and democratize finances,” said Ken Moore, chief innovation officer at Mastercard. “We are partnering with the newest fintechs joining Start Path to drive inclusion, innovation and trust with alternative ways to pay and authenticate, powerful solutions for small businesses, new ways to create efficiency for business payments, as well as address the wealth gap."