The Latin American rendition of Visa’s Everywhere Initiative began accepting proposals in June and held a semifinals tour across the region, where two finalists were selected from each of the five events which took place in Mexico City, Buenos Aires, Santiago, Bogota and Sao Paulo. The ten finalists were invited to Miami for a three-day immersion program and to pitch their ideas in front of a panel of judges including executives from Visa as well as Johanna Posada, Managing Director and co-founder of Elevar Equity and Mariano Amartino, Director of Startups for Latin America at Microsoft. The winners were announced by Jim McCarthy, Executive Vice President of Innovation and Strategic Partnerships at Visa and Eduardo Coello, during FINNOSUMMIT in Miami, one of the largest fintech startups conference in the region.
At the FINNOSUMMIT conference, Jim McCarthy awarded the prize and said: “Visa’s Everywhere Initiative is a fundamental part of our innovation strategy. The fintech category is evolving rapidly and with Visa’s Everywhere Initiative, we are looking to harness this energy around the world and bring new ideas and diverse thinking into our industry.” Further, during Jim’s presentation he said, “We see the future of payments as being about capabilities that can be shared or adapted across the value chain to create new experiences.”
Since the program launched in the United States in 2015, more than 2,000 start-ups from 40 countries including North America, Latin America, Europe, Asia, the Middle East and Africa have participated.
Visa’s Everywhere Initiative is organized in partnership with Finnovista. For more details about the initiative click here.
About Visa's Everywhere Initiative
Visa's Everywhere Initiative is an innovation program designed to encourage the next big thing in payments, as the payments industry shifts from plastic to digital and new entrants join traditional stakeholders in payments. The program first launched in the U.S. in 2015 and quickly expanded into a global program with more than 2,000 participating start-ups, which have collectively raised over $2 billion in funding, with more than 125 finalists and 34 winners selected. The program is being run in North America, Latin America, Europe, Asia, Middle East and Africa in 2017 touching 40 countries.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.
Finnovista is an impact organization that enhances fintech ecosystems in Spain and Latin America, doing so through collaborative activities and networks, such as events, workshops, hackathons and startup competitions. Finnovista designs and executes fintech startups acceleration and scaling programs, as exemplified by tartupbootcamp FinTech. Finnovista's mission is to accelerate fintech ventures by bridging the gap between startups and financial institutions while facilitating the transformation of advanced financial services and the eradication of financial exclusion. More information is available at www.finnovista.com.