MasterCard Launches Global Fintech Incubator
Financial services giant MasterCard has launched a worldwide financial technology incubator in the company’s first major foray into the global fintech startup scene.
The program, dubbed Start Path Global, will provide support for startups in the Asia-Pacific, the Middle East, Africa and Latin America.
Start Path was initially launched in Europe last year, but the incubator has now launched globally.
The program lasts six months and will include advice and consultation from over 60 MasterCard professionals. Company’s that join Start Path Global will also have access to over 20 major associated companies, including TSYS and Target.
MasterCard said providing access to the program in emerging markets gives young companies unparalleled insight into new technologies and improve communication between major players in the sector.
Previously, accepted members of the original Start Path program had to relocate to Dublin. The new, internationally integrated program no longer has this requirement. “Start Path thoughtfully connects the right partners with the right startups to build the future of commerce together,” said 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.” The application to join Start Path Global is open until September 18.