5 Fintechs Join Mastercard’s Start Path Ukraine Program

Mastercard ranked No. 1 on the Fair360, formerly DiversityInc Top 50 Companies list in 2023.

 

Mastercard has recently announced the selection of five Ukrainian financial technology companies for their Start Path Ukraine program. The chosen companies are currently involved in developing services for remote identification, online lending, financial monitoring automation and solutions aimed at supporting small and medium-sized businesses.

Start Path Ukraine aims to provide Ukrainian fintech companies with the necessary resources, mentorship and networking opportunities required for their growth, ultimately contributing to the economic recovery of Ukraine.

“Despite the current challenges, Ukrainian fintechs remain resilient and innovative,” said Inga Andreieva, General Manager, Mastercard Ukraine and Moldova. “We believe that fintech startups can make a significant contribution to the country’s recovery, and we are happy to support them in creating solutions for the development of the digital economy, financial inclusion and innovative customer experience.”

During the six-month duration of the program, the chosen startups will have access to resources, expert mentorship and networking opportunities. Each startup joining the program will receive a grant of $10,000 to support their growth and development.

The companies selected are the following:

  • AML Point: A solution for anti-money laundering officers of financial institutions that allows automation of financial monitoring procedures.
  • Electronic KYC: A Software as a Service (SaaS) which helps banks and fintechs to rapidly scale their client bases.
  • Neofin: A solution for launching consumer lending, covering all stages of the loan product life cycle
  • RemOnline: An all-in-one platform helping automate a full cycle of operations.
  • Zhabka: An innovative payment solution for entrepreneurs.

The selection of the five startups was based on specific criteria: their solutions had to be relevant to the Ukrainian market, showcase innovation, have the potential to scale and make a positive impact on the country’s economy.

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