Visa Picks 5 Startups for Its APAC Accelerator Programme This Yearby Fintech News Singapore April 29, 2022
Visa has selected Cymonz, Moneytree, Perfios, TallyKhata and TripleA to join the 2022 cohort of its Visa Accelerator Programme in Asia Pacific.
Over the next six months, the startups will work closely with Visa on creating defined commercial opportunities they can bring to its extensive network of bank, merchant, government and venture partners.
With the COVID-19 pandemic accelerating the world’s migration towards a digital-first future, the 2022 cohort will tackle some of the most pressing financial and technological issues that came to prominence in recent years.
The programme was introduced in Asia Pacific in December 2020 for startups that have launched successful solutions in their home markets and are looking towards their next stage of growth.
It is ideal for growth-stage fintechs that are Series A and above, have a long-term commitment to Asia Pacific growth and existing operations in the region.
“By combining Visa’s capabilities and the reach of our global network with the ingenuity of the startups, we can create new innovative experiences at scale.
Globally, nearly 30 percent more fintechs issued Visa credentials in the last year, and they nearly doubled their payments volume. Together, we can help bring more individuals and businesses into the digital economy,”
said Chris Clark, President, Asia Pacific at Visa.
The five startups joining the APAC Visa Accelerator Programme 2022:
Cymonz is an international payments and currency exchange platform based in New Zealand, will simplify and expand money movement to enable new ways to pay and be paid.
Moneytree is a financial data aggregation platform based in Japan.
Perfios is an India-based fintech that specialises in data aggregation and analytics, will leverage the growing open data environment in Asia Pacific to drive enhanced decision making in areas such as risk and credit.
TallyKhata is a digital payments platform for small and micro-businesses in Bangladesh, will support financial inclusion by developing new ways for small businesses to access credit lines and working capital.
TripleA is a Singaporean startup that offers white-label crypto currency solutions, will work on new payment innovations involving the use of digital currencies and blockchain technology. The firm was granted a Digital Payment Token license by the Monetary Authority of Singapore in November last year.