Visa, in a strategic alliance with innovation hub Plug and Play, is set to accept submissions for round two of its groundbreaking Visa Inclusive Fintech Accelerator. The initiative focuses on kick-starting the growth of fintech start-ups helmed by a diverse group of creators, particularly ones introducing cutting-edge digital technologies to improve financial accessibility in underserved markets.
The accelerator is encouraging applications from founders of all backgrounds, including women, minorities, and disabled persons. Visa and Plug and Play’s commitment goes beyond just funding. It extends to mentorship, resource provision, and opportunities to collaborate with industry titans.
The next batch of enrolled ventures will majorly include fintech start-ups steered by marginalized entrepreneurs drawing focus to unserved sectors in North America. Start-ups keen on participating need to have a minimally viable product and be based in the U.S. or Canada.
Start-ups chosen to participate in the accelerator will be privy to Visa’s expansive global network and its plethora of resources. This includes guidance from industry veterans, potential trial projects, and strategic partnerships with Visa, along with chances to expand exposure to new markets.
Visa’s inclusive fintech accelerator: round two
Besides, the enlisted start-ups also stand a chance to avail training workshops and dedicated support from Visa’s expert team.
The six-month program concludes with a presentation at the globally-renowned Plug and Play summit slated to take place in Silicon Valley in June 2025. The event serves as a platform for participants to showcase and share their learnings obtained during the course of the accelerator program.
Vanessa Colella, Visa’s Head of Innovation and Digital Partnerships, expressed satisfaction over the first phase of the project and reiterated the accelerator’s aim to foster diversity. “Visa’s enduring commitment to infuse innovation into financial systems is fortified by the inclusion of diverse perspectives,” Vanessa shared. She also commended the participating start-ups of the stage one and expressed optimism regarding the continuing success of the accelerator program.
The first stage of the Visa Inclusive Fintech Accelerator had a roster of 21 start-ups offering fintech solutions for several industries. This round, launched initially in January, was supported by Visa Canada and introduced Plug and Play’s debut in the Canadian Fintech market. Following the successful completion of stage one, the second stage of the accelerator was announced to engage more diverse start-ups and power them to shape the future of the fintech landscape.
