Startups selected for this sponsorship will be invited to Mastercard’s fintech network, where they will be provided with the critical growth opportunity to collaborate and attract mentorship.
Mastercard, the world’s second-largest payment processor, has listed seven of its fintech startups invited to join its Global Startup Engagement Program.
Mastercard Start Path, as the name suggests, helps start-ups get the funding they need to grow and develop. Since its launch in 2014, the program has received applications from over 1,500 startups each year. The program has also funded more than 350 companies with more than $3.5 billion of its funding and has been able to accelerate the practice. Startups selected for this sponsorship will be invited to join Mastercard’s fintech network and will be provided with growth prospects to collaborate, receive mentorship and pursue innovation in Mastercard’s fintech space. This year, he has seven companies from five different countries participating in the program. From the US he was invited by his Loot Bolt, a Web3 payments company, Quadrata, a cryptocurrency privacy and compliance company, and Uptop, his UX design and development agency.
Other companies were invited from countries such as Singapore, Abu Dhabi, Colombia, and Dubai. With multiple Web3 companies from different sectors, countries, and histories, this one-stop party can be imagined as a place where innovation comes first. Mastercard’s Start Path acts as a catalyst to accelerate the adoption of Web3 and the emerging financial technology ecosystem, regardless of traditional financial needs.
We all know Mastercard is the only company whose funds are always in our wallets, but the company is fairly new to the crypto investment market. However, the company is not the only company looking for ways to get into the blockchain business after its huge success.
In November 2021, the world’s largest centralized exchange (CEX) Binance announced its $100 million investment in France. Cooperation with France FinTech has been signed to make France and Europe pioneers in the blockchain and crypto space. The project was called “Objective Moon” and was intended to reflect the new Binance R&D center in France, the DLT accelerator, and an online educational program for French people.
Most recently, in April, Binance CEO Changpeng Zhao praised France’s regulatory obligations to support the crypto industry as a whole. He also explained that his exchange has bought space at Station F in Paris, his incubator for the world’s largest startup. The building also houses more than 1,000 startups, with Microsoft, Google and Facebook listed as partners.
The deal provides startups selected by Binance with free housing and the availability of multiple resources during the incubation period. You will also have access to all kinds of technical support and mentoring from Binance staff and partners.