Mastercard Welcomes Latest Start Path Program Participants

Mastercard Welcomes Latest Start Path Program Participants
11.04.2017 08:45 am

Mastercard Welcomes Latest Start Path Program Participants

Payments , Banking

Today, Mastercard welcomed five new startups to its Start Path Global program – the company’s global initiative to support innovative later-stage startups who are reshaping the future of commerce. The program is open to startups who are rethinking banking and payments and have raised a significant seed or Series A round of investment.

“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.”

Three out of the five startups joining Start Path’s 2017 spring wave are focused on artificial intelligence (AI). These startups are using AI to analyze consumer behavior, enhance in-store or in-branch customer engagement, and compute bill and payment data, driving a variety of retail innovations. The other two startups have developed solutions that extend retail access to consumers through point of sale innovations.

The spring 2017 Start Path class includes:

  • Divido provides merchants and lenders with an omni-channel platform that allows their consumers to spread the cost of major purchases through installments.
  • Endor is the first intelligence software platform that lets business users ask any predictive question and get high-quality results with unmatched accuracy and speed in any domain.
  • Fluid AI combines artificial intelligence and augmented reality to help banks and retailers create next generation user experiences in-branch and in-store.
  • NetPlusDotCom enables retailers to transition from ‘bricks’ to ‘clicks’ and support their customers with digital payments capabilities.
  • Regalii works with more than 30 leading banks and fintech apps to give consumers an innovative way to manage their finances and pay their bills in the U.S. and Latin America.

Putting Ideas into Action

Since 2014, the Start Path team has received interest from 5,000 startups, leading to working with 100 companies spanning 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.

Related News

BNY Mellon automates global payment inquiries, becoming the first US bank to offer SWIFT gpi Case Resolution service

BNY Mellon has recently collaborated with SWIFT to be the first U.S. bank to offer the gpi Case Resolution service to clients, and the fifth globally. This... Read more »

EDPIA welcomes SIA as a new member

The European Digital Payments Industry Alliance (EDPIA) is happy to announce that SIA, a leading European hi-tech company in payment services... Read more »

Paymentology works with Utility Warehouse to help customers reduce their bills

Utility Warehouse (UW), has selected cloud-based payment processing platform, Paymentology, to process its cashback card transactions. UW... Read more »

Global payments firm Sokin partners with Jumio to disrupt the world of cross-border transfers

Sokin, the new generation payments firm, has announced a partnership with Jumio to introduce the latest digital identity verification... Read more »

Bottomline boosts the way businesses collect cash with Pay Direct

Bottomline (NASDAQ:EPAY), a leading provider of financial technology that makes business payments simple, smart and secure, today announced the launch of Pay... Read more »

Inaugural Publicis Sapient report finds at-home experiences will remain the new normal post-COVID

Despite global lockdowns lifting, COVID-19 has increased the pace of digital transformation exponentially, and consumers have shown a substantial step-change in a more... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel