November 30, 2023
MasterCard extends the resources, the possibilities of mentoring and collaboration to five startups at the level of on -demand maintenance for the EV charging stations, financial analysis tools for buyers and more
Mastercard deepens its commitment to stimulate innovation and accelerate the growth of fintechs by offering fair financial tools and partnership opportunities thanks to Start path in the solidarity program. Five startups at the start of the stage based by women and people of color join the startup engagement program to access the mentorship and the funding they need to develop their business. In the United States, the under-represented founders of the most funded startups generally only receive average 43% of the amount of funding compared to the average startup founded by a white man, hampering their competitive advantage.
The Solidarity start -up program is part of Mastercard’s greater in solidaritycommitmentOf $ 500 million in products, services, technology and financial support to help fill the gap in wealth and racial opportunity in America. Thanks to the program, startups receive relevant support by step, in particular training in preparation for corporate partnerships, a dedicated mentor and introductions to investors and Mastercard customers. The founders also have possibilities for technological collaboration and forums to present their solutions to prospects.
From the offer of tools to promote equity in the mortgage process to reducing the administrative workload for small businesses support organizations, the following startups join the start -up path in the solidarity program: