The “fintech innovators” will receive direct support from Mastercard as they bring their products and services to market.
Mastercard Start Path, an accelerator program for fintech startups, has welcomed six new companies innovating in the fields of software-as-a-service, transactions and blockchain-based payments.
Asante Financial Services, Cledara, Jifti, Moeda Seeds, SpendDebt and Tippy were selected for being “fintech innovators” in these fields, Mastercard announced Monday. Moeda Seeds stands out as the sole blockchain company offering digital banking, payments and micro credits utilizing distributed ledger technology.
“As the fintech landscape evolves at an unprecedented speed, Mastercard provides the infrastructure and assets to help fintech innovators grow and ultimately bring more people into the digital economy,” said Amy Neale, Mastercard’s senior vice president of fintech and enablers. She continued:
“The newest Start Path companies represent the future of the fintech industry and are designing inclusive solutions that anticipate consumer needs — we’re thrilled to partner with these innovators on their path to scale.”
Start Path is a six-month accelerator program that aids startups in scaling up and commercializing their products and services. Companies that are selected for Start Path receive coveted access to Mastercard’s technology, expertise and resources.
Mastercard is making a big push into blockchain technology, with its latest Start Path participants reflecting a renewed commitment to innovating in the payments arena. As Cointelegraph recently reported, Mastercard was one of several major companies to lead a $65 million raise for ConsenSys, one of the most prominent software companies in the blockchain industry.
The credit card company has also incorporated carbon-footprint tracking into its blockchain-based Provenance Solution, which allows users to make more environmentally conscious decisions when shopping for everyday items.