In 2017, we launched the Startupbootcamp FinTech Mexico City accelerator program to help FinTech startups scale and cope with the demands of the pace of financial services innovation. Visa joined the program as one of the industry partners, committed to shaping the digital transformation of the sector in Latin America.

In 2017, we launched the Startupbootcamp FinTech Mexico City accelerator program to help FinTech startups scale and cope with the demands of the pace of financial services innovation. Visa joined the program as one of the industry partners, committed to shaping the digital transformation of the sector in Latin America.

Later in 2017, the Visa partnership expanded in Latin America with the launch of the Startupbootcamp Scale FinTech program, targeting growth-stage FinTech companies (pre-Series A funding) with a presence in Latin America, as well as those who seek entry into the region.

This initiative provides companies with the opportunity to collaborate with mentors and specialised industry partners, such as Visa, in order to break down the growth barriers faced by these types of startups.

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Our relationship with Visa in Latin America evolved in 2017, as we were engaged to run Visa’s Everywhere Initiative – its global startup engagement platform – in Latin America. Visa trusted Rainmaking and Finnovista to run Visa’sEverywhere Initiative LAC globally and to identify startups with which it could begin piloting innovative solutions that could help solve real business challenges.

Through Visa Everywhere Initiative LAC, more than 800 FinTech startups have engaged with Visa in the past 3 years. In 2019, 12 growth-stage startups participated in a 5-week immersion program designing pilots with Visa and its partner ecosystem to solve three key business challenges set forth by Visa.

“Through the Visa Everywhere Initiative, Visa is on a mission to partner with startups to co-create the future of Payments. That’s why we are excited to support Finnovista and sponsor Startupbootcamp FinTech Mexico City as a way to find innovative ways to improve the payment experience for consumers.”

Juan Carlos Guillermety, Vice-president of Products and Payments Innovation at Visa Mexico

Due to a successful collaboration with VISA in LATAM, we started engaging with the partners in other regions and across industry verticals including Smart City.

In 2017, we launched Startupbootcamp Smart City Dubai accelerator in line with Dubai’s ambition to become the smartest city in the world. Visa joined the program as one of our industry partners in order to collaborate with and support top smart city startups across the region.

“Visa is proud to support Dubai Smart City Accelerator as we work collectively on the mission to provide start-ups with the right support, and mentorship to thrive and shape the course of smart cities in the future. […]

Hosting this mentoring session at Visa’s Innovation Center in Dubai provided a creative environment to help stimulate the advancement of smart commerce and digital payment infrastructure, which is an integral component of smart cities and startup communities.”

Otto Williams, Head Strategic Partnerships, FinTech and Ventures at Visa

Our work with Visa within the FinTech ecosystem is set to continue. As Visa joined more programmes in MENA including Startupbootcamp FinTech Dubai and FinTech Cairo, together we look to address the distinct needs of FinTech startups across the region.