Visa teams up with Plug and Play

The Visa Inclusive Fintech Accelerator’s, which was developed to support and accelerate the expansion of fintech startups, second cohort follows a successful inaugural one, which featured 21 diverse founders delivering fintech solutions. The program aims to continue its commitment to assist industry participants in the financial technology sector.

When it came to the first cohort, Visa and Plug and Play selected dynamic startups that delivered advanced solutions and distinctive perspectives, while also achieving substantial progress in areas such as investment, user onboarding, and partnerships with large enterprise customers.

As part of the second cohort, Visa and Plug and Play are looking for startups that are focusing on optimising financial technology and are led by a founder who is committed to providing solutions for underserved segments in North America or has previously demonstrated an allegiance to inclusion. In addition, the two companies are seeking founders who identify as underrepresented and establish themselves as resilient in the fintech landscape. In the official press release, Visa and Plug and Play mention that complete details concerning the application process, eligibility criteria, and program specifics are set to be included and available on the Plug and Play DRIVE website.

Moreover, representatives from Visa highlighted that the company launched the Visa Inclusive Fintech Accelerator to increase innovation and advance progress in the fintech ecosystem by promoting diversity. In the upcoming period, the company plans to search for the program’s second cohort to support more diverse fintech founders and their objectives and concepts.

To be eligible for entering the program, startups are required to have a minimum viable product (MVP) to apply and should be based in and conducting business within the US or Canada. Also, Visa and Plug and Play underlined that, after the application process is complete, selected startups are set to receive access to the former’s network and resources, as well as mentorship from other industry participants. In addition, they are set to have opportunities for pilot projects and strategic collaborations with Visa.

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