FISPAN, Lendio, and Subaio are three of the ten fintech startups selected to participate in Mastercard’s upcoming Start Path accelerator program. The six-month accelerator will give startups the opportunity to collaborate with Mastercard on their solutions, as well as connect and network with members of Mastercard global ecosystem of banks, merchants, and technology companies.
“We all thrive when fintechs have access to the technology they need to reach scale and democratize finances,” Mastercard Chief Innovation Officer Ken Moore said. “We are partnering with the newest fintechs joining Start Path to drive inclusion, innovation, and trust with alternative ways to pay and authenticate, powerful solutions for small businesses, new ways to create efficiency for business payments, as well as address the wealth gap.”
Also participating in the program’s upcoming cohort are:
- Mo Technologies
- Panda Remit
All three Finovate alums shared the news Monday morning, either via social media or, in the case of Subaio, the company blog. “FISPAN is very proud and excited to work with Mastercard Start Path and start co-innovating,” the company announced on Twitter. “We’re excited to announce that Lendio is joining the Mastercard Start Path global network of fintech innovators!” tweeted Lendio.
FISPAN most recently demonstrated its cloud-based, API services management platform at FinovateFall last year. The Vancouver, British Columbia, Canada-based company was featured in our look at top Canadian fintechs over the summer. Look out for an upcoming Finovate interview with FISPAN Chief Technology Officer Clayton Weir on the company’s efforts to leverage open banking to help financial services companies better manage the economic fallout from the global health crisis.
A Finovate alum since 2011, Lendio has more than 75 lenders in its network who have facilitated more than 216,000 small business loans valued at more than $10 billion. Headquartered in Salt Lake City, Utah and founded in 2005, Lendio announced last month that it has processed more than $500,000 in microloans to women-owned businesses around the world. The initiative was launched via its Lendio Gives employee-contribution program, in partnership with international non-profit Kiva.
For its part, Denmark-based Subaio’s CEO Thomas Laursen added that joining Start Path would be a “huge opportunity to work together with Mastercard and validate(d) the potential within the subscription management service.” One of Finovate’s newest alums, demoing its technology at FinovateEurope in Berlin in February, Subaio offers a subscription management service that gives bank customers the ability to track and manage subscriptions and recurring payments. The company has eight partners in Europe and has processed more than five billion transactions since inception.
Founded in 2014, the Mastercard Start Path program has worked with more than 250 startups since inception. These companies have raised $2.9 billion in investments after leaving the program.