Mastercard Start Path logo

Mastercard Start Path

Europe, Dublin, Ireland, Dublin

Description

Mastercard Start Path is a distinguished global startup engagement program, established by Mastercard in 2014, rather than a traditional venture capital investment fund. Its core mission is to foster strategic commercial partnerships with later-stage startups, enabling them to co-create and scale innovative solutions within the payments, commerce, and financial technology ecosystems. A key differentiator of Start Path is its non-dilutive model: the program explicitly states that it does not take equity from participating companies, nor does it charge any fees for participation. This approach allows startups to retain full ownership while leveraging Mastercard's extensive resources.

The program offers unparalleled access to Mastercard's global network, including its customers, partners, and internal experts, alongside its vast technology infrastructure and proprietary data. Startups benefit from tailored mentorship, strategic guidance, and opportunities to pilot and integrate their solutions directly with Mastercard's offerings. This collaborative environment is designed to accelerate product development, facilitate market entry, and drive commercialization for innovative companies spanning areas like fintech, cybersecurity, artificial intelligence, blockchain, and digital commerce.

Since its inception, Mastercard Start Path has engaged with over 300 startups from across the globe, facilitating numerous successful collaborations and commercial agreements. Many alumni companies have gone on to achieve significant milestones, including substantial funding rounds and successful exits, often attributing their growth to the strategic partnerships forged through the program. Start Path operates on a cohort basis, providing a customized six-month engagement designed to meet the specific needs and growth objectives of each selected startup, thereby strengthening the broader digital economy through impactful innovation.

Investor Profile

Mastercard Start Path has backed more than 61 startups, with 0 new investments in the last 12 months alone. The firm has led 54 rounds, about 89% of its total and boasts 9 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Non Equity Assistance, Grant, Seed rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Israel.
  • Strong thematic focus on FinTech, Financial Services, Software.

Stage Focus

  • Non Equity Assistance (85%)
  • Grant (7%)
  • Seed (3%)
  • Series Unknown (2%)
  • Debt Financing (2%)
  • Pre Seed (2%)

Country Focus

  • United States (44%)
  • United Kingdom (7%)
  • Israel (7%)
  • Canada (7%)
  • Ireland (7%)
  • Singapore (5%)
  • Ukraine (5%)
  • Japan (3%)
  • Finland (3%)
  • Australia (2%)

Industry Focus

  • Fintech
  • Financial Services
  • Software
  • Payments
  • E-commerce
  • Mobile
  • Mobile Payments
  • Saas
  • Information Technology
  • Apps
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Mastercard Start Path frequently co-invest with?

HOWZAT Partners
Europe, Luxembourg, Luxembourg, Luxembourg
Co-Investments: 1
Summit Partners
North America, Massachusetts, United States, Boston
Co-Investments: 1
Transdev
Europe, Ile-de-France, France, Issy-les-moulineaux
Co-Investments: 1
Plug and Play
North America, California, United States, Sunnyvale
Co-Investments: 1
OS Fund
North America, Illinois, United States, Chicago
Co-Investments: 1
JetBlue Ventures
North America, California, United States, San Carlos
Co-Investments: 1
Upslope Ventures
North America, Colorado, United States, Denver
Co-Investments: 1
Alpaca VC
North America, New York, United States, New York
Co-Investments: 1
Techstars Ventures
North America, Colorado, United States, Boulder
Co-Investments: 1
Asset Management Ventures (AMV)
North America, California, United States, Palo Alto
Co-Investments: 1

Which angels does Mastercard Start Path often collaborate with?

BV
North America, California, United States, Los Angeles
Shared Deals: 1
WW
North America, California, United States, Palo Alto
Shared Deals: 1

What are some of recent deals done by Mastercard Start Path?

Zhabka

Kyiv, Kyyiv, Ukraine

First cross-platform payment service for individuals and businesses. It allows payments and money transfers in any social network

Financial ServicesFinTechInformation Technology
GrantMay 2, 2023
Amount Raised: $10,000
Neofin

Chicago, Illinois, United States

Neofin is a low-code SaaS for lending automation.

BankingFinancial ServicesFinTechLendingSaaSSoftware
GrantMay 2, 2023
Amount Raised: $10,000
RemOnline

Kiev, Kyyivs'ka Oblast', Ukraine

RemOnline is a program for keeping records and automating business processes.

Mobile AppsSales Automation
GrantMay 2, 2023
Amount Raised: $10,000
Electronic KYC

Kyiv, Kyyiv, Ukraine

Electronic KYC provides identity verification and onboarding process for customers.

BiometricsFinancial ServicesInformation Technology
GrantMay 2, 2023
Amount Raised: $10,000
Suberra

Singapore, Central Region, Singapore

Suberra offers products that help businesses accept crypto payments.

CryptocurrencyPaymentsSaaSSubscription Service
Non Equity AssistanceMay 1, 2023
Cheeze

New York, New York, United States

Mint your photos on the blockchain.

AppsBlockchainCryptocurrencyPhotography
Non Equity AssistanceMay 1, 2023
Qonbay.io

China, Kagoshima, Japan

Qonbay is an integrated platform that offers a reward programme together with business solutions.

BlockchainWeb3
Non Equity AssistanceMay 1, 2023
Coala Pay

San Francisco, California, United States

Coala Pay is building better contracting and payments infrastructure for the aid sector.

Financial ServicesSocial Impact
Non Equity AssistanceMay 1, 2023
RociFi

Pittsburgh, Pennsylvania, United States

RociFi is a decentralized zero and under-collateralized lending protocol.

BlockchainFinancial ServicesFinTechInformation Technology
Non Equity AssistanceMay 1, 2023
Axelar Network

Waterloo, Ontario, Canada

Axelar is a decentralized communication tool that connects blockchain ecosystems, applications, and assets.

BlockchainDeveloper APIsNetwork SecuritySoftware
Non Equity AssistanceMay 1, 2023