Tech in Africa
Mastercard has a built a solid reputation globally as a company that nurtures platforms offering open banking, predictive financial modeling for small businesses, and smart rental payments. Today Mastercard Start Path, an award-winning global startup engagement program, has announced 11 fintech companies that will get dedicated support, access to both customers and product teams, and opportunities to co-innovate.
Kwara and Karri are only two fintech startups from the continent that formed part of the 11 fintech builders. Kwara is a Kenyan startup looking to transform credit unions into modern digital banks where the credit union operates the system and members enjoy a neobanking experience. Karri is a South African mobile payment app that facilitates fast and easy payments to schools and community organizations, giving parents a convenient way to manage money for their kids.
The other nine participating companies will be Finmod (Bristol), Flourish FI (NY), KeyChain Pay (Hong Kong), GenEQTY (Minneapolis), Osper (London), Layer’s (Dublin), upSWOT (California), Wellthi (DC), and Swap (Annandale).
Since the Start Path program began in 2014, Mastercard has identified several co-innovation opportunities while offering mentorship to over 260 startups that have collectively raised over $5 billion worth of capital.
Today we’re excited to welcome 11 #fintech builders from around the globe to @MAStartPath to scale #innovation and build the next generation of commerce together.
— Mastercard News (@MastercardNews) August 12, 2021
