Visa Canada and Plug and Play, one of the world’s largest accelerators and venture capital firms, announced an alliance to foster the Canadian fintech ecosystem.
As a founding sponsor, Visa will support Plug and Play’s entrance into the Canadian fintech market and together, establish a platform to enable fintechs to flourish. Through this collaboration, fintechs will access the Visa’s global network and will also be invited to exclusive, interactive events where they can learn, collaborate, network, and connect with new partners to grow their business.
This relationship builds on Visa’s collaboration with Plug and Play in the U.S. which launched an Inclusive Fintech Accelerator program to help foster diversity and inclusivity in the sector by addressing some of the unique challenges faced by diverse founders in the tech industry.
Founders selected to be a part of the program receive access to Visa products, APIs, and insights.
Visa’s commitment to enhancing the payment ecosystem includes working with fintechs through a number of programs created to support the industry, like Visa’s Fintech Fast Track Program. This initiative is designed to help fintech and crypto companies bring new payments solutions to market with speed, harnessing the reach, capabilities, and security of VisaNet, Visa’s global payment network. Through the program, approved fintech startups can strengthen global payout service offerings, expand capabilities, and gain access to Visa’s partner network of 4.1 billion cards and 80 million merchant locations worldwide in over 200 countries and territories.
Learn more about Visa’s Fintech Fast Track program here.