Business

Latin American firms join Mastercard fintech engagement program

Aper, Bit Capital, Finerio Connect and Juvo are the ones that operate in the region

Photo: Mastercard/courtesy
  • Of the 11 new companies that will join Start Path program, four have operations in Latin America;
  • The six-month virtual program will provide technical guidance, operational support and commercial engagements within Mastercard ecosystem.

Mastercard has announced the expansion of its accelerate fintech program, adding entrepreneurs from Latin America to its startup engagement program Start Path and more technology partners to its Engage network.

“With the dramatic shift towards digital payments, the rise of open banking and the growth of blockchain and cryptocurrencies, there’s never been a more exciting time to be an innovator in fintech,” said Ken Moore, Executive Vice President and Head of Mastercard Labs. “Mastercard is thrilled to partner with some of the world’s most innovative startups to transform the future of commerce.”

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Of the 11 new startups that will join Start Path program, four have operations in Latin America: Aper, that partners with financial institutions to develop their own e-commerce marketplaces; Bit Capital, a blockchain-based open banking platform that enables customers to deliver their own digital financial products; Finerio Connect, the first end-to-end open banking and personal finance management Application Programming Interface in Latin America that empowers fintechs and financial institutions to build solutions and Juvo, that analyzes mobile network data to build financial identities for adults with no formal credit history.

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According to Mastercard, the six-month virtual program will provide technical guidance, operational support and commercial engagements within Mastercard ecosystem.