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Finaxar Wins the Visa Everywhere Initiative with its Financing Solution

Visa announced Finaxar as the winner of the Visa Everywhere Initiative (VEI) 2019 during the Singapore finals. Finaxar is perhaps best known for partnering with Lazada to offer financing for its merchants. It was chosen from a group of ten finalist who pitched their solutions to a panel of judges at Visa University

Visa Everywhere Initiative is a global innovation programme that tasks start-ups to solve payments and commerce challenges of tomorrow, further enhance their own product propositions and provide visionary solutions for Visa’s vast network of partners.

The programme has activated regionally in 75 countries and awarded more than 70 leading startups with monetary prizes, mentorship and access to Visa’s clients and partners since 2015

The Singapore challenge focused on several themes such as transforming payment and commerce experiences for consumers using data analytics, building new consumer loyalty solutions, opening new merchant acceptance segments, providing financing solutions for merchants and businesses and helping consumers to use digital payments when they travel.