Mastercard is calling for applications from Nigerian fintech startups for its Start Path 2018 programme, the firm’s initiative that supports innovative later-stage start-ups that are reshaping the future of commerce.
The programme is open to startups from Nigeria which are rethinking banking and payments and have raised a significant seed or Series A round of investment. Start-ups will have the opportunity to present their business proposals to the Start Path judging panel on April 9, 2018 in Lagos and selected startups will present at Mastercard’s Innovation Dialogue event on April 10, 2018 to an audience of influential business leaders besides being considered for Start Path.
(TOP: Wole Faroun, founder and CEO of NetPlus, the first African startup to be selected as part of Mastercard’s Start Path 2016 programme, talks about the firm’s solutions in a profile interview. Photo: YouTube).
During the six-month virtual programme, Start Path provides start-ups with the operational support, mentorship, and investment they need to develop the next generation of commerce solutions and grow their operations. Selected companies further benefit from the knowledge of a global network of Mastercard experts, access to Mastercard customers and partners including global corporate brands spanning banking, retail, tech and telecoms, and the ability to innovate on top of Mastercard solutions.
Nigeria’s start-ups have already shown great promise with the success of Start Path alumni such as NetPlus and Flutterwave. NetPlus was the first African startup to be selected to be part of the Mastercard’s Start Path 2016 programme, and has recently worked with Mastercard to introduce a secure e-commerce solution that removes the need for consumers to carry cash for online purchases. Flutterwave, which was also part of the 2016 programme, drives growth for both banks and businesses across Africa through ground-breaking digital payment technology.
Applications must be submitted on or before April 5, 2018 after which successful applicants will be contacted directly.
Mastercard Start Path is a global effort to support innovative startups developing the next generation of commerce solutions today. Start Path was launched in 2014 with an objective to help startups to grow their businesses faster than they could by themselves. Startups that join the program can benefit from the knowledge of a global network of Mastercard experts, access to Mastercard customers and partners, and the ability to innovate on top of Mastercard solutions. Mastercard customers that join the program as partners get connected to the best and brightest startups and gain access to innovations from across the globe.