The program is aimed on supporting startups and authors of the fintech ideas
ID Finance has partnered with the Visa Everywhere Initiative, the Visa global program to support startups and innovative business projects in the financial technology and retail sectors. Visa Everywhere Initiative is held in the format of a competition of projects and ideas, participants offer solutions in briefs relevant to the local payment market and get the opportunity to win cash prizes, receive mentoring support from Visa and partners of the competition, as well as present their idea on the international market.
As part of the collaboration, ID Finance participated in the selection of the most promising software projects for financial technologies. In addition, ID Finance mentors helped teams prepare for the final pitch based on the company’s own infrastructure. Partnership in the project is ID Finance’s contribution to the formation of the fintech ecosystem and stimulating the development of a highly competitive environment in Russia.
“The market for financial technologies is actively developing, nevertheless, we see entire segments of solutions that are still almost not represented in emerging markets. Visa Everywhere Initiative encourage young entrepreneurs to fill these gaps,” says Boris Batin, co-founder of ID Finance. “And the support of experience, capital and infrastructure provided by the organizers and partners of the program helps interesting ideas turn into breakthrough projects and companies.”