Kani Payments Selected for Mastercard Start Path Global Program

Kani Payments, the UK’s disruptive data reconciliation and reporting platform, today announced that it has been selected as a Mastercard Start Path company. About 1,500 start-ups are evaluated each year to enter the program.

Now, part of the latest cohort of the highly sought-after program, which only has a 2% acceptance rate, Kani Payments will have the opportunity to co-innovate with Mastercard to evolve its automated reconciliation platform and make advance its global expansion plans.

The award-winning SaaS platform has already reconciled over €10 billion in payment volume processed to date and will leverage this unique opportunity to bring automation, accuracy and compliance to payment reconciliation and reporting to fintechs, acquirers and to financial institutions around the world. This is at a time when data volumes are increasing exponentially, which is having a massive effect on the data-intensive fintech sector: the amount of data worldwide is expected to reach 175 zettabytes by 2025, compared to a estimate of 44 zettabytes in 2020.

Having already managed to disrupt the fintech scene in the North of England and build relationships with a range of businesses across the fintech spectrum globally, payment service providers and other data-hungry businesses data, Kani Payments will also have access to a diverse customer base as it is executed. plans to expand to the United States and Asia in 2022.

Founded and led by Aaron Holmes, previously Chief Information Officer for Global Processing Services (GPS), the company prides itself on being an innovative and agile company that was built from the ground up to transform a rapidly changing and exciting industry. .

Holmes commented, “Joining the Mastercard Start Path Global program is the latest exciting stepping stone into what has already been an impressive and successful story for our ambitious company. We are proud to be pioneering a fintech hub from our special corner here in the UK while entering new markets and territories, as well as attracting and retaining a diverse team of talent outside of the capital.

“The support, insight and knowledge we will gain from the Mastercard team through this program will not only be of invaluable insight and benefit to Kani Payments, but more importantly to our customers. existing and potential who have come to rely on the efficiencies offered by our unique platform.

“We are focused on saving businesses even more time and helping them solve increasingly complex digital payments, regulatory and compliance requirements so they can spend more time focus on creating great fintech products and services.”

Mastercard Start Path is an award-winning startup engagement program within the Mastercard Developers portfolio that provides the services and tools fintech innovators need to iterate through every stage of their journey, transform bold ideas, and scale at pace to bring more people into the digital economy.

Founded in 2014, the program has engaged nearly 300 start-ups worldwide. Today, these organizations enter public markets, achieve unicorn status, and enter into extensive business engagements with Mastercard and its customers.

Naresh Ponnana, Head of Start Path Global at Mastercard, has mentored more than a dozen start-ups at Mastercard and works with start-up founders to refine their vision by digging deeper into their business model and product. He noted, “With start-ups, we know they’re juggling concepts for many products, in many markets, and for many customers. Through the program, we try to steer them towards a unique idea or opportunity to bring to market in collaboration with Mastercard and our customers. »

“The Start Path program acts as a springboard for co-innovation with start-ups, and in some cases opportunities tend to materialize only after the program ends – either through continued engagement with their mentors or by hosting other programs within the Mastercard Developers portfolio, from Engage to Fintech Express.

With previous successes including Shieldpay, which used the program to build connections and unveil a sister solution called Paycast, as well as Zeta, the banking tech unicorn which launched a global partnership to co-launch credit cards with issuers around the world, the Mastercard Start Path Global program promises great things for forward-thinking companies like Kani Payments.

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