Mastercard to support European FinTechs via newly launched program Accelerate

Georgeta Gheorghe 23/05/2018 | 16:05

MasterCard will support European FinTechs via Accelerate, a new initiative designed to transform the dynamic FinTech sector. 

Accelerate was designed to support the FinTech sector actors through personalised assistance packages that include access to ideas, tools, technologies, and investment supporting innovation. Being complementary to the MasterCard’s Start Path program, Accelerate strengthens and extends MasterCard’s collaboration with FinTech’s pay-as-you-go community, including the new generation of digital banks.

Assistance packages include consulting Mastercard licensing specialists to support market expansion, access to specialized knowledge and ability to connect to complex processing assets and tools. Resources include the MasterCard Advisors Professional Services Platform, designed to support market execution, data and statistics analysis. Accelerate also offers market-adapted resources for strategic investments and flexible collateral requirements for the initial phases.

“Creating this platform is the next step in achieving our long-term goal of being FinTech’s favorite partner worldwide,” said Cosmin Vladimirescu, General Manager, MasterCard Romania, adding: “At a global level, the FinTech community is one of the most vibrant and dynamic, and MasterCard is committed to helping these companies reach their potential. With experience in supporting the growth of the financial services industry, MasterCard is uniquely positioned to provide the platform to propel Fintech companies into more and more ambitious growth.”

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