Mastercard Start Path, an award-winning global startup engagement program, has announced 11 fintech companies that will get dedicated support, access to both customers and product teams, and opportunities to co-innovate.
Kwara and Karri are only the two fintech startups from the continent that formed part of the 11 fintech builders. Kwara is a Kenyan startup looking to transform credit unions into modern digital banks where the credit union operates the system and members enjoy a neobanking experience.
Karri is a South African mobile payment app that facilitates fast and easy payments to schools and community organizations, giving parents a convenient way to manage money for their kids.
The other nine participating companies will be Finmod (Bristol), Flourish FI (NY), KeyChain Pay (Hong Kong), GenEQTY (Minneapolis), Osper (London), Layer’s (Dublin), upSWOT (California), Wellthi (DC), and Swap (Annandale).
“We’ve witnessed great growth across the fintech ecosystem, and more people are benefiting from the digital economy than ever before,” Amy Neale, senior vice president, Fintech & Enablers, said. “Through Start Path, Mastercard provides a springboard for fintech startups that are promoting a more inclusive digital economy and assists them in speeding up the pace at which they are changing the world.”
Since the Start Path program began in 2014, Mastercard has identified several co-innovation opportunities while offering mentorship to over 260 startups that have collectively raised over $5 billion worth of capital.
