Visa Announces Fintech Finalists for the 2023 Visa Everywhere Initiative at TechCrunch Disrupt

Rhea-AI Summary

Visa to host the Visa Everywhere Initiative (VEI) 2023 Global Finals at TechCrunch Disrupt, offering $50K to the winner. VEI participants have collectively raised over $16 billion in funding. The 2023 program saw an increase in diverse applicants, with women-led businesses representing nearly half of the entrants. Visa aims to drive inclusive economic growth and expand its network. The global finale will feature five regional winners pitching their payment solutions to a panel of judges. The awards include $50K for the overall winner, $10K for the audience favorite, and $10K for Visa Direct. Moov Financial, the 2021 VEI winner, has raised $45M in funding and expanded to new markets with Visa's support.

Positive

• Visa Everywhere Initiative participants have collectively raised over $16 billion in funding.
• The 2023 program saw an increase in diverse applicants, with women-led businesses representing nearly half of the entrants.
• Moov Financial, the 2021 VEI winner, has raised $45M in funding and expanded to new markets with Visa's support.

Negative

• None.

Finalists will take the Fintech Stage at TechCrunch Disrupt where one global winner will be awarded $50K to help shape the future of money movement.

SAN FRANCISCO--(BUSINESS WIRE)-- Visa (NYSE: V), a global leader in payments, and leading online technology publication, TechCrunch will be hosting the Visa Everywhere Initiative (VEI) 2023 Global Finals during TechCrunch Disrupt at the Moscone Center in San Francisco, CA. The competition will take place on September 19 on the Fintech Stage, where this year’s VEI finalists will pitch their payment solution to an esteemed panel of judges.

Since the launch of VEI in 2015, some of the most promising startups and fintechs from more than 100 countries have participated in the program. Following their participation in the program, these companies have collectively raised more than $16 billion in funding, successfully addressing the biggest challenges faced by early-stage entrepreneurs.

As a vital component of the program, Visa has made its network available to drive inclusive economic growth with the goal of giving everyone, everywhere, access to the global economy. Notably, minority-owned businesses have tripled after the pandemic, introducing new ideas for the fintech space. The 2023 VEI program saw a significant uptick in diverse applicants, with women-led businesses representing nearly half of this year’s entrants.

“This year, VEI has significantly expanded its reach to unique fintech startups around the globe,” said Marie-Elise Droga, SVP and Head of Global and North America Fintech Partnerships, Visa. “At Visa, innovation is at the heart of everything we do, and by supporting the next generation of payments technology providers in their early stages through VEI, we are fulfilling our mission of uplifting everyone, everywhere.”

To date, nearly 15,000 startups have applied to the program, many of which now work with Visa or its clients. The 2023 global finale is preceded by a year-long competition that saw diverse businesses across the world enter their innovative ideas to solve the payment challenges of tomorrow. Visa and its panel of judges have selected five winners from each region (North America, Europe, Asia Pacific, Latin America and CEMEA) to move forward to the global final event.

The 2023 VEI Finalists are:

• Jonas Overgaard - Founder & CEO at Anyday
• Saksham Shubham - Business Head - APAC at Decentro
• Chibuzo Opara - Co-founder & CEO at Drugstoc
• Jeff Catalano - Co-founder & CEO at Payment Porte
• Carolina Nucamendi - Co-founder & CEO at Waivr

The competition will be hosted and emceed by Delores Terry, Inclusive Client Partnerships, Visa. Judges will evaluate each finalist based on the quality of their solution and presentation, the opportunities it offers to partner with Visa and clients, and the desirability, uniqueness and feasibility of their production or solution.

This year’s judging panel includes:

• Ayodeji Arikawe - Co-founder at Thrive Agric and global winner of VEI 2022
• Emily Man – Partner at Primary Ventures
• Rodrigo Barros de Paula - Regional Head of Fintech Partnerships for LAC at Visa
• Akshay Chopra - VP, Head of Innovation & Design for CEMEA at Visa
• Ralph Koker - Visa Direct VP & Head of Market Expansion at Visa
• Dan Roesbery - VP, Fintech Business Development at Visa

The 2023 awards include:

1. Overall Global Winner: $50,000 USD
2. Audience Favorite: $10,000 USD
3. Visa Direct: $10,000 USD

Additionally, Marie-Elise Droga will host a fireside chat with Wade Arnold, Co-Founder and CEO, Moov Financial. Moov was the global winner of the 2021 Visa Everywhere Initiative. Since the win, Moov has fast-tracked onboarding to Visa’s global network and leveraged Visa’s security and fraud protection technologies to expand to new markets. In 2023 Moov raised $45M in their Series B round of funding.

Join us on Tuesday, September 19, from 3:40-4:50 pm PST at the Moscone Center to find out which of our finalists will take the top prize. TechCrunch will also livestream the awards ceremony.

Visit our website to learn more about the VEI program.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230918877011/en/

Media Contact

Jackie Dresch - jdresch@visa.com

Source: Visa Inc.