MasterCard Start Path selects South African fintech Ukheshe for International engagement programme.

According to a press release by MasterCard, Ukheshe, an SMME digital banking platform provider, has been selected to join MasterCard Start Path, an exclusive engagement program for later-stage scaling startups.

Ukheshe technology platform helps banks & telcos provide SMME’s affordable digital banking and payment services. (Baas)

Clayton Hayward, co-founder, and CEO, Ukheshe, says that its inclusion in Mastercard’s Start Path programme is not only exciting but prestigious for the startup: “Mastercard’s ecosystem, customers and innovations will assist us to continue building one of the most significant transaction platforms on the continent.”

“It’s ultimately about inclusive economic growth and how digital financial services can play a major role in the increase of financial inclusion in Africa. With an ever-growing mobile base, Sub-Saharan Africa has the potential to lead the way, while also creating widespread economic prosperity,” He adds.

Start path is one of the many programs in MasterCard accelerate, which provides a simple, single entry point to MasterCards wide fintech portfolio and access to everything startups need to grow quickly. As an industry-wide collaboration, start Path convenes banks, merchants, and startups to scale new technology solutions for the financial services and payment industries. The program also provides startups with operational support, commercial engagement, and opportunity for strategic investment.

“After sourcing the best and brightest later-stage startups from across the globe, we’re thrilled to welcome Ukheshe to the Start Path ecosystem of innovators,” said Amy Neale, Senior Vice President, Start Path & Fintech, Mastercard. “The diversity in our Start Path program proves how quickly the pace of innovation is happening and together we are building the future of commerce.”