Fintech
“Mastercard for Fintechs”, introduced to support the fintech ecosystem in Western Europe
MasterCard has launched its new program in Western Europe called “Mastercard for Fintechs” in order to further develop and improve the fintech ecosystem.
Mastercard created the “Mastercard for Fintechs” program to support fintech companies in Western Europe and equip companies with essential resources and skills to foster continuous development and push them towards success.
More information on the announcement
The “Mastercard for Fintechs” program provides exclusive access to Mastercard’s dedicated fintech learning platform, participation in a series of fintech events across Western Europe and the opportunity to compete for a chance to win €50,000.
The competition is aimed at fintech companies in the pre-seed, seed or Series A investment stages. To benefit from the program, these companies must have implemented a tangible solution in one of the listed European countries: Belgium, France, Italy, Luxembourg, Netherlands, Spain and Portugal. Fields of interest include payments, Web3 and blockchain, payment processes, banking and SMEs, integrated finance and sustainable technology.
The European competition consists of four local competitions that will be held from June to October in Paris, Madrid, Milan and Amsterdam, following the initial selection of participants. Each city will host eight fintechs and two local winners will be chosen from each city. The eight winners will then advance to the final event to be held in Paris at the end of the year.
During the competition, fintechs will present their projects to a jury made up of Mastercard members and external partners. After the presentations, a question and answer session will take place and each project will be evaluated based on the team’s skills, project innovation, financial stability, long-term viability, scalability potential and alignment with the Mastercard strategy.
The winner of the event will receive marketing assistance of 50,000 euros via Mastercard Start Path. This includes sponsorship resources, a direct path to final selection day, and mentorship from experts. Start Path has partnered with 380 fintech companies from 54 countries, leading to the creation of over 10 unicorns such as Revolut and Razorpay.