Currencycloud, Mastercard join new Fintech Foundation incubator

Currencycloud, Mastercard join new Fintech Foundation incubator

Major players in the FinTech sector have come together to join Integrated Finance’s new Fintech Foundation incubator.

This new programme is supported by banking service providers including Mastercard, International payment solution and infrastructure developer Currencycloud and card issuing firm Enfuce. There are nine partners in total.

The incubator will also be backed by venture capital firms Octopus Ventures, 500 Global, and SuperSeed. It also has support from FinTech providers like ComplyAdvantage, SumSub, Fintech Alliance and many others.

At the end of the programme, participants will have the opportunity to pitch their learnings, traction and future plans to the programme’s partners and investors

Fintech Foundation will supply emerging FinTech companies with support during their growth. Through the support of its partners, Integrated Finance will give participants guidance from ideation to launch.

This programme also boasts access to best-in-class providers and the technologies needed to build a scalable business. There will also be workshops led by the incubator’s partners, as well as one-to-one support from experts. Topics covered include the importance of user experience, funding, regulations and compliance, as well as foreign exchange and revenue optimisation.

 The aim of the programme is to ensure more innovation within FinTech and help improve the provision of financial services globally.

This programme will operate for 12 weeks beginning in January 2023 and feature companies from across the FinTech sector.

Speaking on the new programme, Currencycloud director of partnerships Richard Stockley said, “Currencycloud has worked alongside Integrated Finance since shortly after its launch, and during that period, we’ve always felt a shared connection with the company’s values and outlook. So, when we heard about its Fintech Foundation incubator, we were excited to get involved.

“With our support, Fintech startups on the programme can quickly develop and implement scalable cross-border and FX solutions as part of their product offering, enabling more cost- and time-effective go-to-market strategies. The programme really emphasises the true importance of collaboration, which is so important to us.”

Currencycloud has had a busy year. It was among the 11 UK FinTechs that joined the special government trade mission with Australia. The goal of the mission was to build connections with businesses and government in the country.

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