MasterCard wants to build the ‘future of commerce’ with start-up competition

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MasterCard has launched Start Path Global, a six-month programme that allows start-up owners from around the world to partner with the card firm, as they look to upscale their business.

Success starts here

The initiative is an extension of its Start Path programme, with the payments company targeting start-up firms based in the Asia-Pacific region, as well as the Middle East, Africa, Latin America and Canada.

The companies that take part in the programme will receive advice from 60 MasterCard experts, including a team of ‘Evangelizers’. This select group of experts are located all over the world, so if your start-up is based in Canada, you will be able to gain help from a local professional almost instantly.

‘‘Start Path thoughtfully connects the right partners with the right startups to build the future of commerce together,’’ explained Stephane Wyper, Global Lead of MasterCard Start Path.

And now with our global expansion, we will be able to target a broader range of startups and help them achieve success.”

One of the biggest problems for many start-ups is getting its hands on the latest technology. MasterCard hopes to remedy this problem by giving selected companies the chance to meet their Start Path partners.

The 20-strong group contains companies from the world of banking, retail and technology, including Rakuten, SAMSUNG CARD, TSYS, Target, Bank of Montreal, and Santander InnoVentures.

The Start Path programme is available to 18 start-ups based outside of the United States, with the application process open until September 18th. If selected, Start-ups will then  have to pitch their solutions to the Start Path team in London in October in order to gain access to the programme.

Successful companies will have to meet the following criteria:

  • Solution live in market
  • Established and experienced team
  • Targeting a sizeable market opportunity in the retail and financial technology space
  • Seed or Series A investment recently secured

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