Visa Everywhere Initiative 2019 LAC
Visa Everywhere Initiative is a global innovation program that invites startups to solve payment challenges of tomorrow, propel their product prototypes and provide visionary solutions for Visa's extensive network of partners.
The 2019 edition of Visa Everywhere Initiative is a challenge-based program looking to discover and empower global growth-stage startups with presence in Latin America and the Caribbean with the capacity to disrupt financial services and accelerate commercial engagements with Visa and its clients through Pilot programs and POCs.
startups
countries
USD investment raised by the finalists
2019 Challenges
Challenge 1
Expand Digital Payments Access and Acceptance
Visa is looking for companies that can help merchants (online or offline) accept digital payments. The more establishments accept Visa, the better for the ecosystem – merchants and consumers.
Challenge 2
Increase Visa’s Share in the Affluent Segment
Visa is looking for companies that can provide its Affluent cardholders, or Visa’s Affluent product suite, with unique benefits, capabilities, and solutions that will resonate strongly with the Affluent segment. All, while ensuring an extraordinary Visa-brand/product experience.
Challenge 3
Drive Secure Digital Commerce
Digital commerce (e.g., e-commerce) continues to grow at double-digits across LAC. As such, Visa continuously looks for ways to ensure the security of those transactions while creating a seamless payments experience for Visa cardholders.
Prize
12 finalists participate in a 5-week blended immersion program (remote and in person) designed to fast track collaboration with Visa, including pilot design and pilot plan workshops, culminating in Pilot Demo in front of Visa leaders and clients at the finals event during the 2019 edition of FINNOSUMMIT on December 3rd and 4th in Miami.
The most innovative Fintech startup in Latin America is selected at the final and has the opportunity to collaborate with Visa on the future of payments, receive mentoring by Visa subject matter experts, gain exposure to venture capitalists and Visa’s ecosystem of partners.
The most innovative Fintech startup in Latin America wins a $50,000 USD award.
Timeline
APR 30
Open Aplications
Office hours30 JUN
Close Aplications
Office hours25 JUL
Announcement 1: Workshops participants
Collaborative Innovation Workshop2 SEP
Finalists
Collaborative Innovation Workshop28 OCT
Inmmersion program4 DIC
Finals at FINNOSUMMIT Miami
Inmmersion program6 DIC
Program closure
Inmmersion program
Workshops
24 selected startups participate in one of the 4 private workshops where they engage with Visa and local ecosystem partners. These private workshops are held in Mexico City, Sao Paulo, Bogota and Buenos Aires.
Final
12 finalists participate in a 5-week blended immersion program, taking part in remote sessions as well as presential activities at Visa headquarters.
Finalists are invited to take part in design activities to accelerate collaboration with Visa, including pilot design and PoC-oriented workshops.
They present thei demo to Visa leaders, customers and the entrepreneurship community in a final event during the 2019 edition of FINNOSUMMIT Miami by LendIt Fintech on December 3-4 in Miami.
Our entrepreneurs
- “The recognition of having been the first winners of this competition allowed us to start working with acquirers and brands at a completely different level from the one we had been previously working on. We are grateful for the doors that were opened to us and the real opportunities close thanks to it.”
Sebastián Cadenas
CEO at
Increase
- “Visa Everywhere Initiative was our turning point. We went from being a promising Fintech in LatAm to being a consolidated company with a regional scope, backed by one of the most powerful brands in the world: Visa. VEI and Finnovista connected us with the Visa team, which helped us grow our business exponentially.”
Nathan Schorr
Co-Founder & CEO at
Flexio
- “Winning in 2018 meant starting to work more closely with Visa, knowing what its purpose is, and establishing a joint goal: help more companies accept payments in LatAm more easily. We are confident that we have gained a lifetime partner for Culqi.”
Nicolás Di Pace
Co-Fundador & CPO at
Culqi
Visa Everywhere Initiative 2018
Organised by
Visa Inc. is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants.
In association with
