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Mastercard Includes New Startups to Accelerator Program

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Mastercard would provide the adequate assets and resources needed to help fintech innovators develop.

Mastercard Start Path has added six new fintech innovators to its accelerator program. While revealing the announcement on the 3rd of May, financial services company Mastercard Inc (NASDAQ: MA) said that the six fintech startups include Moeda Seeds, Asante Financial Services, Cledara, Jifiti, SpenDebt, and Tippy. According to the Start Path website, the program aims to provide support and help maximize the potentials of the companies.

The Mastercard accelerator program runs for six months and supports startups. The program helps fintech scale up and commercialize the startups’ products and services. When Mastercard selects companies for its Start Path, such companies enjoy the technology, expertise, and resources of the financial services company.

The senior vice president of fintech and enabler at Mastercard, Amy Neale, commented on the latest development. Neale said that Mastercard would provide the adequate assets and resources needed to help fintech innovators develop. She added that the provision would eventually attract more people to the digital world.

Speaking further, the SVP said:

“The newest Start Path companies represent the future of the fintech industry and we are designing inclusive solutions that anticipate consumer needs – we’re thrilled to partner with these innovators on their path to scale.”

Mastercard foray into blockchain technology is evident through its latest Start Path participator, revealing a renewed interest in the inventive payments area. Before now, Mastercard has been investing in software companies in the blockchain industry. Along with other renowned companies, Mastercard recently raised $65 million for a blockchain software company, ConsenSys.

Selected Startups for the Mastercard Accelerator Program

Moeda Seeds is uniquely positioned as a sole blockchain firm that offers digital banking and payments. Additionally, Moeda Seeds also offers micro credits, using distributed ledger technology (DLT).

Also, Cledera is an All-in-one Saas (Software-as-a-service) purchasing and management platform. According to the website, it helps companies manage, control, and automate their SaaS so that they can scale operational processes, comply with regulations and save money.

On the other hand, Jifiti provides retailers with Zero-integration POS financing and end-to-end retail gifting solutions. Also, SpenDebt makes it easy for its users to pay off their loans, while Tippy is for cashless tipping in the service industry.

While speaking on their partnership with Jifiti, Simon Forbes, senior vice president of Business Development at Mastercard, said:

“We are delighted to collaborate with Jifiti in Europe as this partnership allows us to deliver seamless checkout financing experiences for consumers. It’s a win-win for all the stakeholders.

Furthermore, Asante Financial Services Group is a high-impact digital financial services company. The company focuses on supporting the growth of African businesses and individuals through relevant financial solutions.

Mastercard stock has seen an increase of 38.48% in the last year. MA has added 6.29% in its year-to-date record and has grown further by over 13% in the last three months. Also, the company’s stock has advanced nearly 3% over the past months. Currently trading at a loss of 0.11% to $379, Mastercard stock has dropped 2.49% in the last five days.

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Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience. Apart from writing, she likes to see movies, cook, and explore restaurants in the city of Lagos, where she resides.



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Ethereum price closes in on $4K as Shiba Inu (SHIB) steals Dogecoin’s thunder

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The crypto market has rallied into the weekend as Ether (ETH), Dogecoin (DOGE) and Shibu Inu (SHIB) hit new all-time highs as they lead the pack of altcoins up the market cap mountain. 

Much of the excitement behind Dogecoin’s rally has been attributed to the upcoming appearance of Elon Musk, the CEO of Tesla and a Dogecoin advocate, on the popular Saturday Night Live comedy sketch show. Ether, on the other hand, continues to rally toward $4,000 as institutional interest in the altcoin soars and the approaching London hard fork have investors feeling extra bullish.

Data from Cointelegraph Markets and TradingView shows that after briefly dipping to a low of $3,418 in the late hours on May 8, Ether price regained its composure and proceeded to vault 13% to reach a new all-time high at $3,958. 

ETH/USDT 4-hour chart. Source: TradingView

While some have been surprised by the bullish movement from the second-largest cryptocurrency by market capitalization, it comes as no shock to Cointelegraph market analyst Marcel Pechman who recently detailed how Ether “could easily sustain until $5,000.”

Bitcoin (BTC) has used its time out of the spotlight to quietly climb higher with bulls now attempting to hold the price above $59,000.

Canine-themed ‘meme coins’ lead the pack

Dogecoin has emerged as one of the biggest mainstream attention grabbers in cryptocurrency history as scores of new users got their first taste of crypto trading from the popular meme token.

The week-long build-up in momentum for DOGE led to a 25% surge in the early trading hours on Saturday that lifted its value to a new all-time high at $0.74 before profit-taking dropped the price back below $0.68.

DOGE/USDT 4-hour chart. Source: TradingView

Thanks to the global attention that Dogecoin has attracted, a number of canine-themed projects have arisen, including Shiba In (SHIB), which burst onto the scene following a two-day rally that saw its value launch 1,100% higher to establish a new record high at $0.0000178.

The overall cryptocurrency market cap now stands at $2.463 trillion and Bitcoin’s dominance rate is 44.8%.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.