PURCHASE, N.Y. – Mastercard announced its largest and most diverse class to enter the company’s Start Path program – Mastercard’s global effort to support later-stage fintech and tech startups.
“The 11 selected companies from across five countries are working on the largest array of innovations the program has seen to date. They are developing new ways to use blockchain, protect digital identity, digitize donations and manage healthcare data, among other solutions,” Mastercard said.
Mastercard launched Start Path in early 2014 to provide operational support, commercial access and strategic investment for startups who are building innovative solutions in financial services and commerce. Since launch, the Start Path team has evaluated roughly 1,600 startups per year and engaged more than 150 of them around the globe, Mastercard said.
“The diversity of Start Path proves how quickly the pace of innovation is happening in so many areas,” said Amy Neale, vice president, Mastercard Start Path. “Providing a range of companies with the resources and introductions they need to scale allows us to enable new ways to build the future of commerce together.”
These and other startups in the program will connect with a host of global Mastercard executives and partners from banks, digital giants and retailers at the third annual Start Path Summit 2017.
The latest Start Path companies are:
- AID:Tech delivers digital entitlements transparently through blockchain technology and digital identity
- b.well makes managing healthcare and insurance simple by unlocking insights on patients
- Flutterwave is fostering digital payment acceptance and infrastructure for banks and businesses across Africa
- Goodworld powers the world’s only technology for frictionless hashtag payments on social media
- HYPR reduces the risk of data breaches by eliminating the need for a centralized credential store
- Mobeewave enables smartphones to accept contactless payments without external hardware
- Railsbank gives companies access to a global banking network through simple APIs
- Sensibill’s platform turns everyday purchase receipts into a core part of the digital banking experience
- ShieldPay‘s instant digital escrow facility enables everyone, everywhere to transact with each other in total confidence
- Trunomi unlocks the power of customer data using data rights management
- Zeta Optima is a new way to manage employee claims, fuel card, medical allowance and other tax saving benefits