Mastercard Launches Accelerate to Supercharge Fintech Success
October 28 2019 - 8:00AM
Business Wire
Program simplifies experience for fintechs
worldwide; drives digital innovation, provides countless ways to
transform lives and economies
Mastercard today launched Mastercard Accelerate, a global
initiative that simplifies the way that Mastercard works with
fintechs, giving them access to everything they need to grow
quickly. Offering a simple, single entry-point to the company’s
wide portfolio of specialized programs, Mastercard Accelerate gives
start-ups and emerging brands support and assistance for every
stage of their growth and transformation, from market entry to
global expansion.
Accelerate will enable fintechs to be onboarded to Mastercard in
a matter of weeks and provide a guided experience through
everything the company can offer. Program participants are
connected to relevant parts of the business, to integrate
Mastercard’s proprietary technology, leverage its insights and
cybersecurity services, engage new customers, and reach new markets
and segments. In addition, Mastercard’s commitment to financial
inclusion drives focused product development, helping co-create
solutions that enable a more inclusive economy.
“Mastercard Accelerate is a single doorway to the countless ways
Mastercard can help fintechs all over the world grow and scale
sustainably,” said Michael Miebach, chief product & innovation
officer, Mastercard. “Fintechs are contributing to the rapid
digital transformation that makes lives more convenient, simpler,
and rewarding. We’re the partner of choice for the top Fintech
brands worldwide, and with Accelerate we invite the next generation
of global entrepreneurs to join us.”
“And for our financial institution partners and customers,
Mastercard Accelerate provides access to the next generation of
innovators, with a portfolio of start-up partners and fintechs
ready to co-create and collaborate on new experiences,” added
Miebach.
Accelerate is comprised of a range of award-winning programs
that have helped participants all over the world access and benefit
from Mastercard’s ecosystem, customers and innovations:
- Mastercard Fintech Express – Provides easy access to a
customized set of rules, relevant resources and digital-first
services designed to address the unique needs of fintechs and
enable program launch and global expansion with speed.
- Mastercard Engage – Connects fintechs to thousands of
Mastercard technology partners, making it quicker and easier to
work together.
- Mastercard Start Path– Invites later-stage startups to
participate in a 6-month program, providing opportunities to scale
and secure strategic investments. More than 200 companies have
participated in the Start Path’s program since its founding in 2014
and those companies have collectively gone on to raise $1.5B in
capital.
- Mastercard Developers – Provides APIs for everything,
empowering engineers with the ability to access Mastercard payment,
security and analytics services via simple, user-friendly
documentation, SDKs and sample code for the top programming
languages.
Mastercard Accelerate – supporting fintechs, scaling
businesses:
Mastercard is taking a thoughtful approach to partnerships by
identifying the brightest companies with the most promising
technology. Together, we are solving challenges with digital
innovation, commercial connections and strategic investments.
Bridging the divide in entrepreneurship
“At Brex, our mission is to help ambitious companies scale. We
built our card issuing technology from the ground up to help
entrepreneurs better navigate the financial and regulatory hurdles
that exist today. We value Mastercard as a strategic partner in our
ambition to create the best payments experience for all
businesses.” – Henrique Dubugras, Co-Founder & CEO of
Brex
Seamless money movement among businesses and people
"Payment products today have the unique opportunity to scale
quicker than ever, and Mastercard as a global partner not only
accelerates the process but also helps navigate key challenges that
only experience and an existing global reach provides." – Roy
Sosa, Chief Executive Officer, Rêv.
“At TransferWise, we wanted to remove the financial barriers
keeping people from managing their life across borders, so
providing a multi-currency card for the world’s first global
account was crucial to set us apart. Mastercard’s platform was the
perfect option to help solve our problem and has been integral to
bringing the debit card to customers all over the world. They’ve
continued to help us identify new use-cases, provide marketing
guidance, and push TransferWise into a high-growth phase.” –
Andrew Boyajian, Head of Banking for North America at
TransferWise
Driving financial inclusion
“From Mastercard Send to the launch of our new fee-free debit
card, Mastercard has been an incredible partner in Branch’s efforts
to create financial technology that works for hourly workers. We
look forward to continuing our partnership with Mastercard as we
develop new solutions to help this demographic grow financially.” -
Atif Siddiqi, CEO and founder of Branch.
“We are continuing to push the envelope on our digital strategy
at Deserve, and Mastercard is making it even easier for our
developers to create next-generation solutions with easy to use
APIs. With MDES APIs we are able to make our onboarding
frictionless while Mastercard card-link services helps us build
real time engagement through instant gratification” – Kalpesh
Kapadia, CEO and Co-founder of Deserve.
To learn more about Mastercard’s partners and how they are
working with us, visit: website mstercard.com/fintech
About Mastercard
Mastercard (NYSE: MA), www.mastercard.com, is a technology
company in the global payments industry. Our global payments
processing network connects consumers, financial institutions,
merchants, governments and businesses in more than 210 countries
and territories. Mastercard products and solutions make everyday
commerce activities – such as shopping, traveling, running a
business and managing finances – easier, more secure and more
efficient for everyone. Follow us on Twitter @MastercardNews, join
the discussion on the Beyond the Transaction Blog and subscribe for
the latest news on the Engagement Bureau.
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version on businesswire.com: https://www.businesswire.com/news/home/20191028005203/en/
Mastercard Communications: Chaiti Sen Email:
chaiti.sen@mastercard.com Tel: 914.263.6542
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