Do you have a startup with a promising product that is already on the market?
And are you looking for an extra push from a global brand? Then this competition is an obvious opportunity.
For the sixth year in a row, Visa is launching the startup competition, The Visa Everywhere Initiative 2021. The winner of the most innovative fintech idea will receive more than half a million kroner.
Daniel Yu helps thousands of East African merchants manage supply chains directly from their mobile phones. Jona Doda has automated UK money transactions to avoid physical contact under COVID-19. And Tracey Klein has created a secure mobile eWallet that makes it easier to support small businesses.
Daniel, Jona and Tracey are all previous winners of the Visa Everywhere Initiative (VEI) – a global competition for startups. Now you can also sign up for your startup. The only registration requirement is that your company works to solve tomorrow’s challenges in payments and trading.
The competition is held to recognize fintech as the crucial innovation opportunity of the future. Therefore, Visa’s top priority is to support companies that create simple solutions for money transactions all over the globe. Visa Everywhere Initiative is held by a number of selected companies pitching their ideas in front of a Danish panel of expert judges from several parts of the financial sector. If you go further, you have the opportunity to tell the story of your company on the global stage and win 600,000 kroner.
The Visa Everywhere Initiative encourages anyone with an interest in payment innovation to sign up – regardless of ethnicity, age, gender or sexual orientation.
A global program for everyone
Since the start of the competition in 2015, startups from six continents and more than 100 countries together have won more than $ 2.5 million in funding through the Visa Everywhere Initiative. This year, Visa and TechCrunch will promote and host a live-streamed and virtual event from North America, Europe, the Middle East, Africa and Latin America.
Visa is committed to supporting startups and companies that represent everyone: That’s why Visa recently partnered with Daylight, the first digital bank in the United States specifically designed for and for LGBTQ + people. Likewise, Visa is working to digitize 50 million small businesses to bolster recovery in communities across the globe, and has earmarked a quarter of a million dollars in scholarships for women-owned businesses with a particular focus on black-owned businesses.
To ensure a wide range of entrepreneurs, Visa has a partnership with StartOut, a non-profit organization working to increase the proportion, diversity and importance of LGBTQ + entrepreneurs.
Visa hopes that Visa The reach of Everywhere Initiative will be increased in collaboration with StartOut, which will spread the program to their members and resources in North America.
Facts About Visa Everywhere Initiative:
Let’s get your start-up on the world stage
The first step towards getting the eyes of the world on your start-up is to register your business through the Visa international website to start the application process, access resources, see important deadlines and learn more.
Link to the competition:
Who can apply for the Visa Everywhere Initiative?
All creative brains that will help solve the payment and trade challenges that companies of all sizes and sectors experience.
The total winner: $ 50,000 USD
Publikumsfavorit: $25,000 USD
Location: $ 15,000 USD
Location: $ 10,000 USD
The overall winner, 2nd place and 3rd place can also win the audience award.
Visa does not ask for any equity from the Visa Everywhere Initiative participants.
Source: IT-Kanalen by it-kanalen.dk.
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