MasterCard has invited Kenyan startups to apply for a 6-months online program that aims to empower them as they develop the next generation of innovations.
Under the MasterCard Start Path Global Program, start-ups from around the world are recruited quarterly; the programme focuses on operational support, mentorship and investment training.
The program was launched in 2014 and applicants have till March 21st to apply for the next class.
“Startups are actively experimenting with new solutions aimed at transforming the status-quo across a wide variety of industries including financial services, retail, and healthcare” said Stephane Wyper, global lead of MasterCard Start Path.
“We can provide critical support through operational expertise and access to a steady pipeline of customers, channels and partners. In just two years, Start Path Global has a strong record of helping startups transform innovations into sustainable business propositions.”
According to MasterCard, technology and data are key game changers in the business landscape. The right corporate-startup partnership gives startups an accelerated path to scale innovative solutions.
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.
Among startups supported by MasterCard is one that developed an app that relies on customer data to underwrite loans to them in minutes. The app has just been launched in Kenya and has helped issue over 16,000 loans.