Payments giant Visa announced that it has selected seven new startups to be a part of its Visa Accelerator Programme in Asia Pacific (APAC).
The seven startups that were selected from over 450 applicants to be a part of the 2023 programme are from India, Mainland China, Thailand, Singapore and Germany.
They will be working on solutions in the areas of Web 3.0, global money movement, embedded finance, merchant and small business enablers, and open banking solutions.
Over a course of six months, these startups will be able to collaborate with Visa’s payment experts, business development teams and customers.
They will co-develop, test and iterate their solutions, while validating them against commercial opportunities with Visa’s extensive network of financial institutions, merchants and digital partners.
Visa is partnering with global innovation platform Plug and Play for the accelerator programme this year.
Plug and Play will bring its expertise as a successful investor and experience working with other major corporate accelerator programmes, to identify, attract and accelerate startups who want to solve industry challenges and scale new technologies.
Kunal Chatterjee
“The Visa Accelerator Programme offers selected startups a path to rapid commercialisation. Our collaboration with past cohorts of startups has yielded multiple commercial partnerships, joint intellectual property (IP) creation and new product developments with Visa and our clients in Asia Pacific.
Success in payments requires strong collaboration and Visa is committed to partnering with and investing in startups that share our vision to build new digital commerce experiences.”
said Kunal Chatterjee, Head of Innovation, Asia Pacific, Visa.
The seven startups selected for the 2023 cohort are:
Dowsure (Mainland China)
Dowsure provides digital financing experiences for cross-border merchants on global e-Commerce platforms.
Doxa Holdings (Singapore)
Doxa offers a collaborative trade platform that enables automated procure-to-pay and financing workflows for companies operating in a cross-industry ecosystem.
Kadmos (Germany)
Kadmos offers an end-to-end salary payments platform for migrant workers, bringing fintech, low margins, and transparent FX to traditional industries.
Pi-xcels (Singapore)
Pi-xcels digitises paper receipts instantly to provide offline retailers with real-time actionable shopper data, via a single tap.
Playbux (Thailand)
Playbux provides a fully integrated Web 3.0 community platform with commerce activities, blockchain technology, NFTs, and virtual communities.
Transpure (India)
Transpure provides technology to minimise friction, build seamless and cost-effective solutions for cross-border payments and remittances.
Twid (India)
Twid is a rewards-based payment network that brings together various issuers’ rewards points systems to enable them as a mode of payment across merchants.
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- Source: https://fintechnews.sg/72724/funding/visa-picks-7-new-startups-for-2023-apac-accelerator-programme/
