Seven European start-ups selected for MasterCard’s Dublin accelerator

3 Sep 2014

Payments technology giant MasterCard has selected seven start-ups from across Europe to join its 12-month long accelerator programme at its global R&D HQ in Dublin.

The start-ups were selected after an extensive selection process that saw applications come from start-ups in more than 30 countries.

Each of the start-ups will work with MasterCard, with the first four months based onsite in Dublin.

The next eight months will be spent in a virtual capacity to solve critical business challenges and the companies will benefit from direct access to key strategic partners, including ASOS and Capital One.

“The opportunity to work closely with each of our Start Path start-ups that are experimenting with the next generation of commerce solutions is really exciting,” said Stephane Wyper, MasterCard Start Path Global Lead.

“We’re looking forward to rolling up our sleeves with the companies to tackle immediate challenges as they scale their business by connecting them directly with subject-matter experts from across MasterCard and the global partners we work with,” Wyper said.

The seven start-ups are:

Instabank – Consumer digital banking solution available on iOS and Android, designed with the simplicity of a social media platform.

MePin – Secure authentication for consumer e-commerce and mobile payments through a simple-to-use mobile app experience.

MoQom – Mobile identity and authentication management services to banks, the payment card industry and other organisations, leveraging mobile network data.

Ridango – Cloud-based transit solution providing full-service ticket sales and distribution for online, EMV-ready and modular ticketing systems.

Storee – Technology platform that enables brick-and-mortar retailers to sell both in-store and online, combined with inventory management, customer loyalty and business analytics tools.

Xpresso – SaaS solution focused on solving the ‘last mile’ in e-commerce delivery, including dynamic tracking and accurate arrival times via a consumer mobile app.

ZenCard – Real-time loyalty redemption platform that allows retailers to develop targeted offers based on customer purchase behaviour profiles.

MasterCard image via Shutterstock

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years