ENGLISH (832) 930-3059 | SPANISH (832) 356-7254

Visa unveils five startups in 2022 cohort of its accelerator program – Yahoo Finance

SINGAPORE, April 27, 2022 /PRNewswire/ — Visa, the world leader in digital payments, has selected five startups to join the 2022 cohort of its Visa Accelerator Program in Asia Pacific: Cymonz, Moneytree, Perfios, TallyKhata and TripleA.
Over the next six months, the startups will work closely with Visa on creating defined commercial opportunities they can bring to Visa's extensive network of bank, merchant, government and venture partners.
"Through the Accelerator Program, Visa supports the startup community by giving them a leg up in one of their key challenges, which is expanding their footprint beyond their home market and into 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," said Chris Clark, president, Asia Pacific, Visa. "Globally, nearly 30 percent more fintechs issued Visa credentials in the last year, and they nearly doubled their payments volume[1]. Together, we can help bring more individuals and businesses into the digital economy."
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:
Cymonz, 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, a financial data aggregation platform based in Japan and Perfios, 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, a leading 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, 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
Visa introduced the Accelerator Program in Asia Pacific in December 2020. Designed for startups that have launched successful solutions in their home markets and are looking towards their next stage of growth, the program 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.
The Accelerator Program is part of Visa's broader set of platforms and activities for the startup community in Asia Pacific. For more information, visit https://www.visa.com.sg/apaccelerator
[1] Visa 4Q21 Earnings
About Visa Inc.
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.
Selection of quotes from the 2022 cohort of the Visa Accelerator Program: Cymonz, Moneytree, Perfios, TallyKhata and TripleA.
"The team at Cymonz is very excited to be working alongside the experienced team at Visa, integrating our platform with the innovative and cost-effective Visa payment rails. The partnership will provide a highly configurable, simple to launch international payments-as-a-service platform enabling banks and financial institutions to easily stand up or upgrade their international payments offering." – Simon Lynch, Founder & CEO, Cymonz
"We are very excited about this opportunity, and look forward to developing innovative use cases combining Visa's expansive technology and Moneytree LINK, our market leading, privacy-focused financial data platform." – Paul Chapman, Founder & CEO, Moneytree
"It is always exciting to be associated with a well-recognised brand like Visa. We see this as an opportunity to expose our capabilities in the cards space and gain international recognition." – Sandesh Jayarama, VP, New Business Initiatives, Perfios
"We are super excited about the opportunity to be part of the Visa Accelerator Program 2022. We are developing innovative credit products for small businesses in collaboration with Visa and the local banks. Leveraging Visa rails and TallyKhata transaction data and credit scoring, we will enable quick and easy access of digital credit for the 11 million small businesses in Bangladesh." – Dr Shahadat Khan, Founder & CEO, TallyKhata
"TripleA is delighted to be part of the Visa Accelerator Program. This partnership is a unique opportunity for businesses to tap into the growing 300 million plus crypto user community through cryptocurrency payments and payouts." – Eric Barbier, Founder & CEO, TripleA
SOURCE Visa Asia Pacific
Related Quotes
If a major recession is coming, the financial guru recommends some fast, concrete moves to protect your money.
This trio might be ice cold. But Wall Street says they now have up to 86% upside.
These passive income powerhouses, with yields ranging between 5.5% and 12%, can combat historically high inflation and make patient investors richer over time.
Without investors starting to see a way through challenges and policy markets starting to help, any bear-market rallies aren’t likely to last. This would further damage confidence.
Another week of big losses as Wall Street adjusts to a "hard" reality. Tesla broke decisively, but it wasn't alone.
Tech stocks have been one of the worst-performing sectors of the market, losing over 20% of their value so far this year. After a 30-year bull run that saw the Nasdaq 100 index gain nearly 4,000%, the tech-heavy benchmark has turned south and is officially in bear market territory. While that's made investors leery of dipping their toes into the sector, particularly when energy stocks have gained over 50% in 2022, now just might be a great time to invest in tech stocks.
Does the May share price for Pfizer Inc. ( NYSE:PFE ) reflect what it's really worth? Today, we will estimate the…
Market rotation out from this defensive sector could signal the start of stock market capitulation based on the analogue comparison of the global financial crisis in 2008.
The popularity of these investments is likely to continue with the U.S. Treasury announcing a few weeks ago that the initial annualized rate on new Series I savings bonds sold from May through October of this year is 9.62%. If I buy these Series I savings bonds, what’s the minimum amount of time I have to hold them?
Genco Shipping & Trading has been a port in the storm. A new dividend policy could more than keep the stock afloat.
Nobody knows when a stock (or the stock market) has hit bottom. People can speculate — and every analyst hoping for a little bit of television fame most certainly will — but no person, no matter how many past predictions they claim to have gotten right knows when a stock or the market has fallen as low as it will go. Down markets, bear markets, market crashes — whatever you want to call them follow no rules.
Tesla (NASDAQ: TSLA) is the undisputed EV leader and trailblazer for the entire sector. The stock rose ahead of the company's execution, however, keeping many people from owning it from a valuation perspective. There was always the chance of failure, and even CEO Elon Musk said that his company was within about a month of bankruptcy when it was ramping up its Model 3 mass production in 2017.
(Bloomberg) — Amazon.com Inc., stuck with too much warehouse capacity now that the surge in pandemic-era shopping has faded, is looking to sublet at least 10 million square feet of space and could vacate even more by ending leases with landlords, according to people familiar with the situation. Most Read from BloombergWalmart’s Troubles Should Have Everyone on High AlertA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest EggsHow an Energy Expert Triggered Vladimir Putin With One WordPutin’
These innovative and time-tested companies are trading at a discount and begging to be bought by long-term investors.
U.S. stocks are in the midst of their longest selloff in decades. Many investors and analysts looking back at historic pullbacks believe that the current slump that has put the S&P 500 on the cusp of a bear market still has a way to go. The index is down 19% from its Jan. 3 record, flirting with the 20% decline that would end the bull market that began in March 2020.
The Nasdaq Composite fell 9% in the first quarter, as many investors weighed concerns about the strength of the economy. Likewise, billionaire James Simons of Renaissance Technologies doubled down on Tesla (NASDAQ: TSLA), and the stock now ranks as the second-largest holding in his hedge fund.
On Friday morning, agricultural equipment giant Deere & Company (NYSE: DE) announced that it just grew its profits about twice as fast as it grew its sales. Reporting its financial results for its fiscal second quarter 2022 Friday, Deere said its net sales and revenue came in at $13.4 billion, up 11% year-over-year. In just the first two hours of trading Friday, Deere stock fell 11.5%.
With crude prices currently in the triple digits, oil stocks are paying a gusher of dividends to their investors. Devon Energy (NYSE: DVN) launched the industry's fixed plus variable dividend trend last year after closing its merger of equals with WPX Energy. It set its base dividend payment at $0.11 per share each quarter, a level it could sustain at lower oil prices.
Mark Newton, head of technical strategy at Fundstrat, thinks the S&P 500's late-day reversal on Friday provides 'hopes that a minor bounce is underway.'
"People don't want to admit it, but psychology has the biggest impact on stock prices," investment firm manager George Ball tells Fortune. And investors' "psychology has turned negative."


Leave A Reply

Subscribe to our newsletter and promotions