The program seeks to support innovative startups developing next generation commerce solutions today. It is usually open to later-stage startups that have raised a significant seed or Series A round.
Since launch in 2014, over 5,000 startups have shown interest, with about 100 companies spanning 24 countries benefitting from the program.
This edition, which will run virtually for 6 months, sees five startups selected, including Nigeria’s NetPlusDotCom, whose mission is to provide value-added solutions to the emerging e-business market in Nigeria.
Its product portfolio cuts across e-commerce and e-payment segments of the market, containing leading solutions that have significant adoption in the marketplace. WebMall and EasyPOS are two of its products.
Together with the other four startups, the program will offer NetPlusDotCom access to Mastercard customers and partners, and the ability to innovate on top of Mastercard solutions. Also, it’ll get connections to potential customers.
“Fintech startups around the world are designing a digital future. They’re bringing a different approach to enhance customer choice and experience across the industry,” said Amy Neale, Vice President, Mastercard Start Path.
She added, “Our work with these startups helps connect new technology with reliable, secure financial networks and processes to create an even more rewarding and seamless commerce experience.”