A program designed to “fast track” fintech growth by linking companies to a mature payments ecosystem has nearly tripled in size since expanding less than a year ago.
Visa announced on Thursday that since expanding globally in 2019, its Fast Track program for fintech firms has grown 280% to now support over 140 fintech firms.
“Our goal is to bring cutting-edge Fintechs into the Visa ecosystem, to help them grow and scale their business in record time,” said Terry Angelos, senior vice president and global head of fintech, Visa, in released comments. “Through programs like Fast Track, Visa is committed to helping Fintechs, many of which are small businesses, advance their potential and get into market quickly, so they are ready to provide innovations that move the world forward everyday – especially in current times.”
Fast Track allows fintech firms at any stage to leverage Visa’s network to get running and achieve scale more rapidly by providing them turnkey access to APIs, partners, licensing, toolkits, education and expert advice.
Visa’s newest partners include fintech enablement firms like Cascade Fintech, Deserve and PEX; female-founded fintechs like Kikoff, gogo Getter, and Airwallex; digital currency wallets like Fold, Genesis and TrustToken; consumer finance management tech like SoLo Funds, Lydia and Swile; and small business support technology like Capital on Tap and Fundation.
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