The six-month digital Start Path programme aims to support innovative startups developing the next generation of commerce solutions, and to help these businesses grow faster than they could alone.
Start Path targets later-stage startups – who have raised either a significant seed round, or Series A funding.
“Fintech startups around the world are designing a digital future,” said Amy Neale, vice president at 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.”
The programme sees Mastercard and selected startups meet for two in-person sessions, followed by a six-month virtual programme of support and networking.
The initiative connects startups with a global network of Mastercard experts, gives access to Mastercard customers and partners, and the ability to innovate on top of Mastercard solutions.
Mastercard does not take any upfront equity in startups joining the programme, however the company retains an option to invest in graduating startups’ next funding rounds.
The first global cohort was selected in May – with Nigerian startup NetPlus one of five companies selected from around the world.
Applications have now opened seeking the next cohort of payments innovators. Applications are open here, until August 1.