FinTech startups from Nigeria have been encouraged to apply to participate in Mastercard's 2018 Start Path programme. The 2018 Start Path programme is open to later-stage startups from Nigeria who, as Mastercard puts it, are rethinking banking and payments and have raised a significant seed or Series A round of investment.
The startups that are selected will get an opportunity to present their business proposals to a judging panel on 9 April 2018.
What the Mastercard Start Path 2018 programme is looking for from Nigeria's FinTech startups.
The Mastercard Start Path programme is a global effort to support innovative startups developing the next generation of commerce solutions today. It was launched in 2014 with Mastercard saying the objective is to help startups to grow their businesses faster than they could by themselves. Startups that join the programme 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. Mastercard customers that join the program as partners get connected to the best and brightest startups and gain access to innovations from across the globe.
Once the startups have presented to a judging panel on 9 April 2018 in Lagos, the shortlisted startups will present at Mastercard’s Innovation Dialogue event on 10 April 2018 to an audience of influential business leaders from Nigeria besides being considered for Mastercard's Start Path 2018 programme.
Nigeria’s start-ups have already shown great promise with the success of Start Path alumni such as NetPlus and Flutterwave. NetPlus was the first African startup to be selected to be part of the Mastercard Start Path 2016 programme and has recently worked with Mastercard to introduce a secure e-commerce solution that removes the need for consumers to carry cash for online purchases. Flutterwave, which was also part of the 2016 programme, drives growth for both banks and businesses across Africa through ground-breaking digital payment technology.