The Emerging Payments Association (EPA) has today launched The Catalyst, its new payments incubator for early stage payment companies.
The Catalyst will provide the companies with workspace, mentors as well as network connections and commercial partners in association with MasterCard and the Bancorp.
The Catalyst is looking for newcomer ‘Rising Stars’ to the fintech industry – companies who are predominantly founder-owned and with a combined revenue and investment between £0.5m-2m in the past twelve months. EPA has already selected six companies for the programme.
The Catalyst is planning to accept 25 companies in its first year, in which time it will help them innovate more effectively and scale their business. The Rising Stars will have the opportunity to showcase their products, as well as receive online and social media exposure. They will also have the opportunity to meet prospective partners and clients through the EPA network.
“With the rapid growth of fintech, many entrepreneurs have recognised that at the core of their business model lies payments. But the emerging payments industry is highly complex, rapidly changing, difficult to enter and it’s easy to get it wrong,” says David Hunter, Advisory Board member of the EPA.
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