UK FinTech Osper joins Mastercard Start Path Global Network
By Joy Dumasia
Mastercard Start Path welcomes 11 FinTech companies into its network to receive dedicated support, access to customers and product teams, and opportunities to co-innovate. UK FinTech Osper is among the new joiners, having already worked with Mastercard on its UK programme.
FinTechs selected to participate in the global network include Finmod, Flourish Savings, GenEQTY, Karri, KeyChain Pay, Kwara, Layer, Swap, upSWOT and Wellthi, using gamification, behavioural science, social banking platforms and more to modernize payments.
Osper launched in the UK six years ago with Mastercard, empowering young people to earn, spend and save in a safe, protected environment through prepaid debit cards and simple mobile banking. They join Start Path to launch their ‘Prosper’ product: a B2B platform that allows anyone, anywhere in the world, to launch their youth card scheme quickly and cost-effectively.
Mastercard has a track record of co-innovating with startups. Since founding Start Path in 2014, the company has provided mentorship, support, and access to more than 260 startups that collectively raised more than $5 billion in the capital.
Amy Neale, Senior Vice President, FinTech & Enablers, Mastercard, said: “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. 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.”
Recently, IBS Intelligence reported that EedenBull, the FinTech specializing in B2B commercial payments technology, announced participation in Mastercard Track Business Payment Service to enhance its innovative Commercial Payments as-a-service (CPaaS) solution. Mastercard Track automates payments-related data exchange between buyers and suppliers, consisting of a portfolio of B2B solutions.
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