Mastercard Opens Applications to Small Businesses for Start Path Program



Mastercard recently unveiled a new program under its acclaimed global start-up engagement program, Start Path, as part of an expansion of its commitment to small and medium-sized businesses.

Start Path was created exclusively for businesses assisting small and medium-sized businesses with their digital needs (SMEs). The chosen start-ups must have shown that they take a similar approach to Mastercard in supporting entrepreneurs worldwide, aiding these small business owners to grow and prosper.


The Shared Vision of Empowerment at Mastercard


Mastercard is specifically searching for start-ups that provide other business owners with innovative tools, data insights, and digital payment solutions so they can operate their companies more securely and productively.


Through the Start Path program, Mastercard has worked with over 350 start-ups from over 40 countries since 2014. Many of these companies have since gone public and achieved unicorn status.


The Start Path Small Business initiative encourages start-ups that are developing cutting-edge accounting software, e-commerce solutions, lending platforms, payment technology, digital banking, and other digital services for SMEs. Startups will have the chance to use Mastercard's network and SME knowledge over the four-month program to find product alliances, scale their businesses, and power solutions that promote safe, secure, and easy experiences.


“Each company will receive bespoke access to Mastercard’s customers and partners along with curated programming and a dedicated mentor who will help them identify and uncover collaboration opportunities. They will also have opportunities for technology collaboration and forums to pitch their solutions to prospects.”


What they provide to startups via the program:


• Quick route to scale


• Committed assistance


• Unmatched access to channels and clients


• Investment in strategy


What they provide business members:


• Global startup involvement and sourcing


• Entry to the annual Start Path Summit hosted by Mastercard


• Trend forecasting and thought leadership


• A quarterly overview of innovation


Location: Ireland, Online


Benefits


• A six-month virtual curriculum designed just for your company's needs


• You don't have to leave your current place.


• No upfront equity is required (but an option to participate in your next round)


• Quick access to 60+ Mastercard specialists


• Links to prospective customers - international corporate brands in banking, retail, technology, and telecommunications


• Obtain assistance from a committed sponsor—a Mastercard insider—who builds a pipeline specific to each startup and serves as a sounding board and relationship builder.


Eligibilities


• Candidates with later-stage startups in the larger fintech and commerce industry must fulfill each of the following requirements:


• Market - Addressing significant market needs while solving genuine customer problems.


• Team - A solid founding team that includes individuals with established important roles, successful business owners, and/or individuals with a history of in-depth knowledge of the relevant industry.


• Funding - Investments (seed, Series A, or later) have been raised with at least a six to twelve-month runway, and there are plans to fund the next institutional round within the following 18 months.


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Details of the Start Path Application


You can apply here for the Start Path program if you are the owner of a small or medium-sized business and are interested in learning more about the application process.


Don't miss any updates from us


Stay Alert: Be the first to be informed of the ongoing fundings and growth opportunities;


Follow us on our Official Page For More Info


Subscribe to our Channel For More Updates


Join Our Facebook Community To Stay Updated


Join Our Telegram Forum For Guides and Mentorships




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