Applications for Class 3 accepted through March 8
PURCHASE, N.Y.--(BUSINESS WIRE)--
MasterCard
and Silicon
Valley Bank are inviting startups doing business in the United
States to apply for Commerce.Innovated.,
a program designed to help commerce-focused startups grow their
businesses. Commerce.Innovated. is a four-month virtual program that
provides startups with the resources to help refine and enhance their
solutions through access to industry expertise from MasterCard, Silicon
Valley Bank and their respective networks.
“The future of payments will be shaped by collaboration between
established companies and innovative startups looking to create new
solutions for consumers,” said Stephane Wyper, Global Lead of MasterCard
Start Path. “Commerce.Innovated. is a great opportunity for us to
promote that cooperation and support new companies as they look to grow
their businesses.”
“We’re meeting incredible entrepreneurs in the fintech space through
this program, helping them navigate potential roadblocks and getting to
their next milestone with advice and connections in the payments space,”
said Reetika Grewal, head of Silicon Valley Bank’s payments strategy.
“We’re looking forward to meeting the new applicants, and working with
our partners at MasterCard to help selected companies move their
businesses forward.”
Commerce.Innovated. launched in 2014 and has worked with 10
commerce-focused startups to date, including CardFlight, Dash, Gone,
Kaayasoft, PayByGroup, Penny Owl, Realtor Maven, Standard Treasury,
Splitwise, and Slide.
“The program has been nothing short of a game-changer for our company,”
said Michael Morris, Co-Founder and CEO of Slide. “The access to
relevant industry experts and cutting-edge payment capabilities has been
hugely beneficial.”
Applications for the next Commerce.Innovated. class can be submitted
online at www.commerceinnovated.com
through March 8. Companies do not need to be current clients of Silicon
Valley Bank to apply.
The program will begin in April and is open to early-stage startups that
meet the following criteria:
-
A solution that is helping to make commerce easier, safer or better
for consumers or businesses
-
Secured or raising seed funding
-
Have a strong, small core team dedicated to your mission
-
Have a working product
Full program eligibility details and online application are available at www.commerceinnovated.com.
Virtual information sessions will be held on Feb 19 and 20. Interested
companies can sign up for a time to speak here.
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. Follow us on Twitter @MasterCardNews,
join the discussion on the Beyond
the Transaction Blog and subscribe for
the latest news on the Engagement
Bureau.
About Silicon Valley Bank
For more than 30 years, Silicon Valley Bank (SVB) has helped innovative
companies and their investors move bold ideas forward, fast. SVB
provides targeted financial services and expertise through its offices
in innovation centers around the world. With commercial, international
and private banking services, SVB helps address the unique needs of
innovators. Forbes named SVB one of America’s best banks (2015) and one
of America’s best-managed companies (2014). Learn more at svb.com.
Silicon Valley Bank is the California bank subsidiary and commercial
banking operation of SVB Financial Group (Nasdaq:SIVB), and a member of
the FDIC. Silicon Valley Bank and SVB Financial Group are members of the
Federal Reserve System.
Source: MasterCard Incorporated