Financial technology start-up ftcash has been selected by Mastercard Start Path. ftcash will participate with other five startups from around the world to the annual six-month virtual mentorship program.
Speaking on the announcement, Sanjeev Chandak- co-founder and CEO, ftcash, said, “Participating in the Mastercard Start Path program is a huge win for us. We look forward to receiving the knowledge and operational tools we need to further achieve our organizational goals, bolster our global client networks through the program and contribute considerably towards building a less-cash, digital-first India.”
Martercard’s start path is a global effort to support later-stage start-ups. Since it launched in early 2014, it has played a pivotal role in shaping the successes of fintech organizations all over the world.
The program is essentially designed to provide operational support, commercial access, and strategic investment for start-ups across the globe building innovative solutions in financial services and commerce. The Start Path team works with start-ups using a tailored plan to deliver tangible value and help participating companies grow their businesses.
“By participating in Mastercard Start Path, ftcash will receive a unique mix of benefits designed to help it scale at an accelerated pace,” Amy Neale, vice president of Mastercard Start Path said.
Start-ups that are qualified for the program are rethinking banking, payments, and commerce and have raised a significant seed or Series A round of investment. Since its launch, the team has engaged more than 130 start-ups from all over the world.
ftcash aggregates all payment methods through its open architecture-based platform, including credit/debit cards, net banking, and mobile wallets, UPI, and PayPal for merchants to initiate digital payments in less than five minutes. The company primarily serves micro-merchants, MSMEs, home-based entrepreneurs, mom-and-pop stores, and large corporate businesses with a merchant base.
Most recently the company had raised an undisclosed amount of funding in its Pre-Series A round, from 500 Startups and IvyCap Ventures.