Mastercard adds 7 crypto and blockchain startups to its accelerator

Global payments giant Mastercard announced it is continuing to expand its support to 7 more cryptocurrency and blockchain startups by adding 7 new startups to its Mastercard Start Path program on Nov. 3.

Mastercard Start Path program aims to support emerging crypto and blockchain companies.

The newly added startups include Abu Dhabi’s crypto gateway provider Fasset, Singapore’s crypto payments platform Digital Treasures Center, Colombian stablecoin-focused firm Stable, Singapore’s crypto payments platform Digital Treasures Center, and Dubai’s blockchain-based media fintech company TBTM (Take Back the Mic) Studios.

‘We’re welcoming a new cohort of startups to ease access to digital assets, build communities for creators and empower people to innovate for the future through Web3 technologies,’ Mastercard said in its announcement. 

‘The newest Start Path cohort will engage in growth-essential opportunities including technology collaboration, mentorship, access to channels and customers, and the opportunity to accelerate their digital asset innovations and expand into new markets,’ the payments giant added.

Mastercard Start Path was launched in 2014 has supported more than 350 startups  from 40 different countries, some of which has achieved unicorn status, including banking provider Thought Machine, the Indian fintech startup Zeta and Razorpay.