The 10 startup finalists of the fourth edition of the Visa Everywhere Initiative for Latin America and the Caribbean, in association with Finnovista, will participate in a virtual 3-weeks immersion program that will focus on exploring and developing collaboration opportunities with Visa and its partners through expert sessions, collaborative workshops and more.
Visa and Finnovista are helping small businesses in Latin America and the Caribbean, in an effort to re-ignite the powerful local economies segment – 99% of the companies in the region are SMEs and represent 61% of formal employment. Another important pillar as we forge ahead in reopening cities across the region, is the ability to provide safe and frictionless payment experiences in public transport or other urban mobility systems, which are vital to urban cities in Latin America. These two important societal challenges were tackled via this edition of Visa Everywhere Initiative for Latin America and the Caribbean.
After having received more than 300 applications, 30 startups were selected to compete virtually in the semifinals of Visa Everywhere Initiative LAC 2020. Six startups from each subregion in Latin America and the Caribbean had the opportunity to present their innovative solutions in front of a panel of judges from Visa at virtual gatherings.
Among the semifinalists, two startups were selected as finalists for each region, resulting in a total of 10 finalists that will participate virtually in an immersion program designed to accelerate collaboration with Visa. Meet the proud 10 finalists:
On Thursday, October 15, the 10 finalists will present their solutions at the Visa Everywhere Initiative LAC 2020 virtual showcase, organized in association with Finnovista. The event will be broadcasted live to the entire Fintech community in Latin America and the Caribbean. After the pitches, Visa will announce the 3 winning startups of this year’s program. The winner of the 2020 edition will receive a prize of $ 25,000, the second place will get $ 15,000, and the third runner-up startup a total of $ 10,000. In addition, Visa will review different ways of collaboration with the finalist startups, such as the development of pilot programs or proofs of concept (POC), mentorship opportunities, and more. Who are you rooting for?