Mastercard Accelerate-s search for fintech mates
Mastercard has launched its new Accelerate initiative to help fintech firms via access to insight, tools, technology and investment.
Designed to operate alongside its Start Path programme, Accelerate “broadens and deepens” its engagement with the “payment fintech community including the next generation of digital banks”.
Ann Cairns, vice-chairman, Mastercard, says: “Globally, the fintech community is one of the most vibrant and fast-paced, and Mastercard is committed to help these fast growing businesses unleash their full potential.”
Tools include dedicated Mastercard licensing specialists to support market expansion, in-market access to account expertise, and the ability to connect to comprehensive processing assets.
Resources will include Mastercard advisors for in-market execution support, data insights and analytics.
The programme also provides market-based resources for related investing and early-stage collateral requirements.
According to Mastercard, it currently supports over 30 emerging and established digital banks in Europe alone.