Visa, the global payments technology company, has recently announced the selection of seven promising startups for its 2023 APAC Accelerator Programme in Fintech Singapore. The programme aims to support and nurture innovative fintech startups in the Asia-Pacific region, providing them with the necessary resources and mentorship to scale their businesses and drive financial inclusion.
The seven startups selected for the programme are:
1. Aleta Planet – a Singapore-based fintech company that provides cross-border payment solutions for businesses and individuals.
2. CardUp – a Singapore-based platform that enables users to pay for big expenses using their credit cards, even where cards are not accepted.
3. Finantier – an Indonesian fintech startup that provides open banking APIs to enable financial institutions to access customer data and offer personalized financial services.
4. Fvndit – a Vietnamese fintech company that provides working capital loans to small and medium-sized enterprises (SMEs) using their accounts receivables as collateral.
5. Paidy – a Japanese fintech startup that offers instant credit to consumers for online and offline purchases.
6. Rely – a Singapore-based buy now, pay later (BNPL) platform that enables consumers to split their purchases into interest-free installments.
7. Xfers – a Singapore-based fintech company that provides payment infrastructure and APIs for businesses to accept and disburse payments.
The selected startups will receive mentorship and support from Visa’s network of experts, including executives, investors, and industry leaders. They will also have access to Visa’s technology and resources, including its global network of partners and customers.
The programme will focus on three key areas: digital payments, financial inclusion, and sustainability. The startups will work on developing innovative solutions that address these areas, with the aim of driving economic growth and improving financial access for underserved communities.
Visa’s APAC Accelerator Programme in Fintech Singapore is part of the company’s broader efforts to support fintech innovation and entrepreneurship in the region. The company has previously launched similar programmes in other parts of the world, including Europe and Latin America.
In a statement, Chris Clark, Visa’s regional president for Asia-Pacific, said: “We are excited to welcome these seven promising startups to our APAC Accelerator Programme in Fintech Singapore. We believe that their innovative solutions have the potential to transform the financial services industry and drive financial inclusion in the region. We look forward to working with them to help them scale their businesses and achieve their goals.”
Overall, Visa’s APAC Accelerator Programme in Fintech Singapore is a significant initiative that highlights the company’s commitment to supporting fintech innovation and entrepreneurship in the Asia-Pacific region. By providing startups with the necessary resources and mentorship, Visa is helping to drive economic growth and improve financial access for underserved communities, ultimately contributing to a more inclusive and sustainable future.
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- Source: https://zephyrnet.com/visa-picks-7-new-startups-for-2023-apac-accelerator-programme-fintech-singapore/