PayPal and Braintree launch monetisation support programme for startups

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Having recently opted to accept bitcoin and implement one touch payments, PayPal and its mobile and online payments platform Braintree are launching a support programme for promising startups in the Asia-Pacific region.

Startup Blueprint has been launched in eight new markets in the Asia-Pacific region, including Australia, Singapore, Hong Kong, Indonesia, Japan, Malaysia, Philippines, and Taiwan. The programme will assist emerging mobile and web companies to monetise their businesses, connecting them to 152 million PayPal and Braintree users across 203 markets in the process.

PayPal and Braintree are offering promising startups free payment processing for a transaction value of up to US$1.5 million with PayPal, and US$100,000 with Braintree. Eligible startups will also have access to a dedicated team of startup advisors. Each advisor will provide one-on-one mentorship, workshops, and other tailored support.

The companies said in a joint statement that the program’s expansion into the Asia-Pacific region comes at a “critical juncture” in its startup scene, as more people in the area come online thanks to smartphones and tablets.

Eligible startups must be focused on making mobile or web software or services, be privately held and make less than US$3 million annually — or are less than five-years-old, and be nominated by a Startup Blueprint incubator, accelerator, or venture capitalist partner.

Startup Blueprint has supported several successful businesses, including Memebox, Blitsy, Telnyx, and Swivl.

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