Visa, the world leader in digital payments, has
selected five startups to join the 2022 cohort of its Visa Accelerator Program
in Asia Pacific: Cymonz, Moneytree, Perfios, TallyKhata and TripleA.
Over the next six months, the startups will work closely
with Visa on creating defined commercial opportunities they can bring to Visa’s
extensive network of bank, merchant, government and venture partners.
“Through the Accelerator Program, Visa supports
the startup community by giving them a leg up in one of their key challenges,
which is expanding their footprint beyond their home market and into the region.
By combining Visa’s capabilities and the reach of our global network with the
ingenuity of the startups, we can create new innovative experiences at scale,”
said Chris Clark, president, Asia Pacific, Visa. “Globally, nearly 30 percent
more fintechs issued Visa credentials in the last year, and they nearly doubled
their payments volume[1].
Together, we can help bring more
individuals and businesses into the digital economy.”
With the COVID-19 pandemic accelerating the
world’s migration towards a digital-first future, the 2022 cohort will tackle
some of the most pressing financial and technological issues that came to
prominence in recent years:
- Cymonz, an
international payments and currency exchange platform based in New Zealand,
will simplify and expand money movement
to enable new ways to pay and be paid - Moneytree, a financial data aggregation platform based
in Japan and Perfios, an India-based
fintech that specialises in data aggregation and analytics, will leverage the
growing open data environment in Asia Pacific to drive enhanced decision making
in areas such as risk and credit - TallyKhata,
a leading digital payments platform for small and micro-businesses in
Bangladesh, will support financial inclusion by developing new ways for small
businesses to access credit lines and working capital - TripleA,
a Singaporean startup that offers white-label crypto currency solutions, will work
on new payment innovations involving the use of digital currencies and
blockchain technology
Visa introduced the Accelerator Program in Asia
Pacific in December 2020. Designed for startups that have launched successful
solutions in their home markets and are looking towards their next stage of
growth, the program is ideal for growth-stage fintechs that are Series A and
above, have a long-term commitment to Asia Pacific growth and existing
operations in the region.
The Accelerator Program is part of Visa’s broader
set of platforms and activities for the startup community in Asia Pacific. For
more information, visit https://www.visa.com.sg/apaccelerator
###
Selection
of quotes from the 2022 cohort of the Visa Accelerator Program: Cymonz, Moneytree, Perfios, TallyKhata
and TripleA.
Cymonz
“The team
at Cymonz is very excited to be working alongside the experienced team at Visa,
integrating our platform with the innovative and cost-effective Visa payment
rails. The partnership will provide a highly configurable, simple to launch
international payments-as-a-service platform enabling banks and financial
institutions to easily stand up or upgrade their international payments
offering.” – Simon Lynch, Founder & CEO, Cymonz
Moneytree
“We are
very excited about this opportunity, and look forward to developing innovative
use cases combining Visa’s expansive technology and Moneytree LINK, our market
leading, privacy-focused financial data platform.” – Paul Chapman, Founder
& CEO, Moneytree
Perfios
“It is
always exciting to be associated with a well-recognised brand like Visa. We see
this as an opportunity to expose our capabilities in the cards space and gain
international recognition.” – Sandesh Jayarama, VP, New Business Initiatives,
Perfios
TallyKhata
“We are super excited about the opportunity to be part
of the Visa Accelerator Program 2022. We are developing innovative credit
products for small businesses in collaboration with Visa and the local banks.
Leveraging Visa rails and TallyKhata transaction data and credit scoring, we
will enable quick and easy access of digital credit for the 11 million small
businesses in Bangladesh.” – Dr Shahadat Khan, Founder & CEO, TallyKhata
TripleA
“TripleA
is delighted to be part of the Visa Accelerator Program. This partnership
is a unique opportunity for businesses to tap into the growing 300 million plus
crypto user community through cryptocurrency payments and payouts.” – Eric
Barbier, Founder & CEO, TripleA
[1]
Visa 4Q21 Earnings
