Skyscend joins Visa’s Fintech Fast Track Program

By Edlyn Cardoza

Skyscend Inc., one of the leading SaaS platform providers for supply chain finance, announced that it has joined Visa’s Fintech Fast Track Program, speeding up the process of integrating with Visa, allowing Skyscend to more easily leverage the reach, capabilities, and security that VisaNet, the company’s global payment network, offers. Through the Visa Fintech Fast Track Program, Skyscend can now expand its offerings and provide faster, more secure, and streamlined payments to its customers.

“We are thrilled to join the elite group of start-ups in the Fintech Fast Track Program. Acceptance into the Visa Fintech Fast Track signals Visa’s support of Skyscend and thereby serves to strengthen our customers’ trust in our solutions,” said Skyscend’s CEO David Sulfridge. “Our participation in the Visa Fintech Fast Program enables us to modify several closed-loop systems limited to specific geographies in the B2B and P2P payment space. With Visa we now have the right partners and resources to provide businesses and consumers with the best digital payment solutions.”

Skyscend can use the Visa Fintech Fast Track Program to automate B2B payments by introducing secure and simple-to-use virtual card payments. This initiative will help reduce the risk and workload involved in transferring funds from Skyscend Capital, Skyscend Inc.’s finance arm, to a customer’s bank account. As virtual cards can be tracked and reissued if they expire prior to use, customers recognise it as a more secure and faster method of payment receipt.

Skyscend will also be able to simplify international payments with Visa by utilising Skyscend Cash, a digital wallet for peer-to-peer payments, to meet growing client preferences for personal finance. Businesses and consumers will now have access to cutting-edge payment tools to help make their lives easier.

Visa’s Fintech Fast Track Program provides FinTech start-ups like Skyscend the ability to access Visa’s growing partner network and experts who can guide in helping them get up and running in the most efficient way possible.

“At Visa, we see our work with fintechs like Skyscend as one of our greatest opportunities,” said Vanessa Colella, SVP and Global Head of Innovation and Digital Partnerships at Visa. “By joining Visa’s Fast Track Program, Skyscend can gain unprecedented access to Visa experts, technology, and resources to efficiently scale and bring innovative solutions to market.”