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Vancouver-based Control Joins MasterCard Start Path Global Program
Tuesday, November 17, 2015Company Profile | Follow Company
MasterCard Connects Startups to Its Global Network of Big Brand Partners - Launches Its First Start Path Global Class to Reshape the Future of Commerce
MasterCard selected just four startups from more than 200 applicants to participate in a six-month long global Start Path class.
Vancouver, BC, November 17, 2015--(T-Net)--MasterCard today announced the four new startups comprising the first global Start Path class.
Vancouver's Control, developers of a management platform for the payments industry, were one of only four startup companies that were selected from nearly 200 applicants.
During the six-month program, participants will obtain customized mentoring from MasterCard experts, access to the company's commercial partners and the opportunity to integrate with MasterCard solutions. The startups will also have access to nearly 40 startups that have been previously mentored by Start Path.
The inaugural MasterCard global Start Path class includes:
Launched in 2014, MasterCard Start Path is a global effort to support innovative early stage startups developing the next generation of commerce solutions.
This initial class of early-stage startups, selected from more than 200 applicants, are using big data, mobile and cloud-based applications to build digital relationships, empower consumers and simplify complicated tasks. Hailing from all corners of the globe, they are also diverse in terms of team size, level of funding, revenue and sales pipeline.
“Through our local efforts to support developing fintech partners, we quickly saw the need for a more globally-inclusive program that provides startups access to new markets without uprooting them,” said Stephane Wyper, global lead for MasterCard Start Path. “This program creates just that - a geographically diverse way to help some of those new to the market build partnerships with more established players as a way to accelerate their growth.”
The digital shift in commerce is proving to be a happy hunting ground for startups. However, out of all startups with great products and services, 50 percent fail in the first five years1 due to lack of mentorship, access to new markets and connections with partners.
Over the next six months, Start Path Global participants will take part in immersion weeks hosted in Berlin and Singapore, and receive ongoing virtual support from the MasterCard network. The Start Path mentors will help them tackle business problems and introduce them to new opportunities around the world.
About MasterCard Start Path
MasterCard Start Path is a global effort to support innovative early stage startups developing the next generation of commerce solutions today. Start Path was launched in 2014 with an objective to help early stage startups partnering with each startup to grow their businesses faster than they could by themselves. Startups can benefit from the knowledge of a global network of MasterCard experts, access to MasterCard customers and partners, and the ability to innovate on top of MasterCard solutions. For more information visit www.startpath.com or follow MasterCard Start Path on Twitter at @MAstartpath. For US-based startups MasterCard works in partnership with Silicon Valley Bank on Commerce.Innovated.
About MasterCard
MasterCard (NYSE:MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard's products and solutions make everyday commerce activities - such as shopping, traveling, running a business and managing finances - easier, more secure and more efficient for everyone.
Contact
MasterCard
Chaiti Sen, 917-408-2912
chaiti_sen@mastercard.com
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