From creating digital banks for black small business owners to creating investment clubs on your phone, seven startups are joining the Mastercard Start Path program



July 14, 2022

The final class includes three early-stage startups with underrepresented founders and four late-stage fintech innovators looking to grow their businesses

Mastercard is expanding its award-winning Start Path startup engagement program to include seven early-stage and late-stage startups from the United States, Canada and Latin America. Carbon Neutral Club, Guava, oneKIN, Palla, SUMA Wealth, Truora and Yunit are the newest Start Path companies embedding climate action into corporate culture, powering the future of small business retail, simplifying user experience across key digital channels and more.

Within the final class, Guava, oneKIN and Yunit will join the Start Path In Solidarity course launched in 2021, which is exclusively dedicated to supporting early stage startups led by traditionally underrepresented fintech founders. This programming is part of Mastercard’s commitment of $500 million in products, services, technology and financial support to help close the racial wealth and opportunity gap. All Start Path companies receive dedicated support and mentorship from Mastercard, access to customers and product teams to help build, deliver and scale solutions, and uncover unique opportunities to co-innovate.

“As we continue our eight-year legacy of successful collaboration with startups around the world through Start Path, we are thrilled to welcome seven brilliant companies to the program whose beliefs and ambitions match ours,” said Blake Rosenthal. , Executive Vice President, Fintech & Segment Solutions at Mastercard. “The companies we have selected are at the forefront of the future and together we can create an ecosystem where everyone thrives by scaling technology and innovation with trust and security at the center.”

The following startups are joining the new Start Path class:

  • Carbon Neutral Club: A workforce-focused sustainability platform that empowers your employees to calculate, offset and reduce their personal carbon footprint.
  • Guava: A banking and networking platform for black creators, entrepreneurs and small business owners.
  • oneKIN: a mission-driven company that provides small businesses with creative and cost-effective technology solutions to help them compete in the digital landscape and grow sustainably.
  • Palla: A platform that enables peer-to-peer international card payments from the United States to Latin America in seconds, instead of hours or days.
  • SUMA Wealth: A fintech dedicated to increasing prosperity and opportunity for young Latinos through culturally relevant financial tools, content and experiences that empower the community to create wealth and control their financial future.
  • Truora: a technology company that simplifies user interactions, from marketing to user acquisition, and ensures constant communication with digital users.
  • Yunit: An enterprise service management platform that allows users to participate in investment groups directly on their mobile phone.

These startups will join the growing network of more than 300 companies that have graduated from Start Path since 2014, with notable alumni entering the public markets, achieving unicorn status, and pursuing extended business engagements with Mastercard and its customers.

Start Path is a key program in the Mastercard Developers portfolio, which provides a single entry point for any fintech company to access the APIs, services and tools they need to iterate through every stage of their journey, turning bold ideas into reality. and achieve evolve at a rapid pace.

Startups interested in a later stage can apply for future Start Path Global classes here. Early-stage startups can apply for the In Solidarity program here.


About Author

Comments are closed.