MasterCard will in this year’s Start Path Global 2016 programme engage best startups from Africa and Middle East.
The Start Path programme has been designed to provide startups with the right corporate-startup partnership to give startups an accelerated path to scale innovative solutions.
In a statement, MasterCard said: “Technology and data are transforming the way consumers and businesses interact with each other, driving a need to bring new ideas to market with greater speed. The MasterCard Start Path Global 2016 program has been designed with that objective and has launched a call for applications across the globe. Since 2014, Start Path has provided more than 60 startups a variety of operational support, mentorship, and investment to develop the next generation of commerce solutions.
It added: “Start Path has seen success in the MEA region and is intensifying its search as a continuing reminder of the innovation potential of local startups. In MEA, the program is currently working closely with startups including Saida, a startup that has developed an app that uses the data on the customers’ smartphones to underwrite loans to them in minutes. The app has just launched in Kenya and has been instrumental in providing over 16,000 loans.”
It said that the program is currently accepting applications for its next class and that the application window to join the next class is open until Monday, March 21, 2016. To apply, the startups who must not be based in the US should visit: www.startpath.com to apply.
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