Visa’s Everywhere Initiative is a global innovation program tapping into startup communities to drive regional and client business objectives, enable startups to innovate in the commerce space and allow Visa to drive scale and go to market faster. The 2018 edition of the global innovation program will bring together early-stage startups across Latin America and the Caribbean to explore solutions to solve the commerce challenges of tomorrow. The program runs over a six-month period from when it is announced, submissions are solicited, finalists are identified and the winner is chosen (with monetary prizes being awarded). Startups then have the opportunity to be mentored by Visa subject matter experts, pilots could be executed and learnings are shared with clients and internal teams within Visa.
How can tech startups from across Latin America and the Caribbean enhance financial services by transforming payments and commerce in the region?
Startups in Latin America are leveraging technologies to develop innovative businesses that can potentially enhance financial services and transform payments and commerce in the region. Visa’s Everywhere Initiative is looking for Fintech startups, as well as other tech-driven startups in verticals or segments such as IoT, Mobile, Big Data, eCommerce, Fraud and Digital Identity, across Latin America and the Caribbean to engage in one of the most dynamic and collaborative innovation programs worldwide. The global payments technology company is looking for commercially viable solutions that can gain scale by connecting with banks, acquirers, and merchants throughout the region.
Visa’s Everywhere Initiative will travel across Latin America looking for the 12 most innovative Fintech startups capable of meeting the needs of the local market. Startups will participate in the semifinals, which will be held in Bogota, Mexico City, Lima, Santiago (Chile), Sao Paulo and Buenos Aires. Each semi-final will have 6 participating Fintech startups, and the 2 best startups from each semifinal will participate in a 4-day immersion program with their travel and accommodation covered by Visa. Additionally, the 12 finalists will pitch their projects in Visa’s Everywhere Initiative LAC final, which will take place at FINNOSUMMIT in Miami on October 4th and 5th, 2018. The most innovative Fintech startup in Latin America will be selected at the final, winning a $50,000 award, as well as the opportunity to collaborate with Visa on the future of payments, gain exposure to venture capitalists and Visa’s ecosystem of partners.
Moreover, a special recognition will be given to the best startup with the highest potential to have an impact on financial inclusion in the region. Who will also be invited to participate in the 4-day Immersion Program at Miami and at FINNOSUMMIT Miami
Interested startups can apply until June 22, 2018 at the Visa’s Everywhere Initiative website.