South Africa’s Karri and Kenya’s Kwara have been selected for the Mastercard Start Path Programme.
The African startups will join 9 fintech companies from across the world to receive dedicated support, access to customers and product teams, and opportunities to co-innovate.
The others are Finmod, Flourish Savings, GenEQTY, KeyChain Pay, Layer, Osper, Swap, upSWOT and Wellthi.
“We’ve seen tremendous growth across the fintech landscape, and more people are benefitting from the digital economy than ever before, whether they’re gaining access to credit for their small business through open banking or securely making payments to their child’s school from the comfort of their smartphone,” said Amy Neale, senior vice president, Fintech & Enablers.
“Through Start Path, Mastercard creates a springboard for fintech companies that are driving a more inclusive digital economy and helps them accelerate the way they change the world.”
Mastercard has a track record of collaborating with startups. Since founding Start Path in 2014, the company has uncovered co-innovation opportunities and provided mentorship to more than 260 startups that have gone on to collectively raise more than $5 billion in capital.
The following African startups are joining this growing network to rapidly scale their business:
a. Karri is a mobile payment app that facilitates fast and easy payments to schools and community organizations, and provides parents a convenient way to manage their child’s money.
b. Kwara is transforming credit unions into modern, digital banks with a credit union operating system and neobank experience for their members.