6 new FinTech companies join
Six fintech companies, including those dealing with crypto assets (virtual currency), have joined the “Mastercard Start Path” program of Mastercard, a major payment company.
Fintech companies in a variety of areas, from philanthropy to debt repayment and tip payments, will participate in MasterCard programs.
“Mastercard Start Path” is a program of Mastercard that supports the business development of start-up companies. Startups have the opportunity to quickly grow their business by leveraging resources such as MasterCard technology and expertise. You also have access to the company’s corporate connections, user base, product teams, and opportunities for collaborative innovation through online events and more.
Six new players are Asante Financial Services, Cledara, Jifti, Moeda Seeds, SpendDebt and Tippy.
Amy Neale, Head of MasterCard FinTech, said:
The Start Path participants are the future of the fintech industry, designing the comprehensive solutions consumers need. We are very pleased that these innovators can be partners in expanding our business.
Supporting charity with blockchain
Among the participating companies, Moeda Seeds uses blockchain to provide digital banking and payment services.
Founded in 2017, Moeda is based in Brazil, South America, and uses blockchain technology to help people without bank accounts access various services and security in their daily lives.
According to the official website, the company’s decentralized technology provides a sustainable way to society, regardless of geographical conditions, whether consumers, businesses or other users are located in rural or urban areas. It can contribute to financial and economic growth.
Moeda’s digital financial service “Moeda Pay” also offers payments using virtual currencies such as Bitcoin (BTC) and Ethereum (ETH).
You can also convert virtual currency to legal tender real, pay various charges in virtual currency, remittance, and send donations. If you charge it to a prepaid card or credit card, you can use it to withdraw funds at banks and make payments at stores in Brazil and abroad.
Moeda supports philanthropic projects aimed at gender equality, minority support, eradication of hunger, overcoming poverty, social change, sustainability, etc., and donating user-granted points to these projects. It is also possible.
Reference: Mastercard, Moeda Seeds
Images used under Shutterstock license
“Cryptocurrency” means “cryptographic assets”