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January 22, 2024
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Visa Canada Joins Forces with Plug and Play to Boost FinTechs

TLDR:

Visa Canada has partnered with accelerator and venture capital firm Plug and Play to support the growth of FinTechs in Canada. The collaboration will provide Canadian FinTechs with access to Visa’s global network, exclusive events, and new partners. Plug and Play connects startups, corporations, VC firms, universities, and government agencies, and operates from over 50 locations worldwide. Visa is a founding sponsor of the organization. The partnership in Canada builds on their previous collaboration in the US, where they launched an Inclusive Fintech Accelerator program.

Key Points:

– Visa Canada and Plug and Play have partnered to support the entrance of accelerator and venture capital firm Plug and Play into the Canadian FinTech market.
– The partnership will enable Canadian FinTechs to access Visa’s global network, join exclusive events, and connect with new partners.
– Plug and Play connects startups, corporations, VC firms, universities, and government agencies, and operates from over 50 locations worldwide.
– Visa is a founding sponsor of Plug and Play, and they previously collaborated in the US, launching an Inclusive Fintech Accelerator program.

Visa Canada and Plug and Play have announced a partnership to support the growth of FinTechs in Canada. Plug and Play is an accelerator and venture capital firm that connects startups, corporations, VC firms, universities, and government agencies. The organization offers corporate innovation programs and organizes startup acceleration programs. Visa Canada will provide Canadian FinTechs with access to its global network, exclusive events, and new partners. Visa and Plug and Play have previously collaborated in the US, where they launched an Inclusive Fintech Accelerator program. This program was designed for diverse founders in the tech industry and provided participants with access to Visa products, APIs, and insights.

Saeed Amidi, the founder and CEO of Plug and Play, expressed excitement about the partnership and its potential impact on the FinTech ecosystem in Canada. He said, “Our joint efforts with Visa will amplify the impact of FinTech startups across the region in Canada. Together, we will showcase our dedication to fostering innovation and supporting the growth of groundbreaking ideas within the global entrepreneurial community.” Chris Ferron, head of digital partnerships and FinTech at Visa Canada, echoed this sentiment, stating, “We look forward to working with Plug and Play to advance the mission of FinTechs and make money movement easy.”

The partnership between Visa Canada and Plug and Play builds on their previous collaboration in the US. In the US, they launched an Inclusive Fintech Accelerator program, which aimed to support diverse founders in the tech industry. Through the program, participants had access to Visa’s products, APIs, and insights. This collaboration in Canada will enable Canadian FinTechs to benefit from Visa’s global network and connect with new partners. It will create opportunities for collaboration, innovation, and growth in the FinTech industry.

Visa has been actively supporting startups and entrepreneurs around the world. In Africa, Visa’s Africa FinTech Accelerator helps startups expand their businesses through a program focused on business growth and mentoring. In Asia-Pacific, Visa selected seven startups for its 2023 Visa Accelerator Program. The program is now in its fourth year, and applications for the 2024 cohort are open until March 8. Visa’s collaborations with startup accelerators and its commitment to fostering innovation highlight the company’s dedication to shaping the future of payments and advancing the FinTech industry.

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