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Organized and run by TechStars, the program is the first physical training for tech startups in Latin America. This is a hybrid program where the TechStars team meets each startup’s team virtually and physically. TechStars aims to hold physical conferences in Miami, Mexico City and Dallas. Meetings at each location are scheduled to last one week each.
In total, the program will last 90 days. Founders of companies from South America (particularly Brazil, Argentina and Chile), America, Latin America and Mexico will participate.
TechStars selected 12 startups based on their innovative payment solutions offering to underserved and emerging markets. Startups involved in financial infrastructure, investment, personal financial management, lending, financial literacy and payments were considered.
Blockchain-based distributed ledger Stella and digital payment providers money transfer service Became a headline sponsor of the TechStars program. Both companies are partners with each other. Together, Stellar and MoneyGram have established a strong fintech ecosystem in emerging markets, including countries in Latin America.
Tricia MartinezTechStars Payment Accelerator Program Director explained the potential that the two partners bring to the accelerator program. Martinez commented:
Both Stellar and Moneygram offer all this and more, and through Techstars payment acceleratorthey enable fintechs to more quickly navigate some of the most complex markets while surrounding them with invaluable tools and resources.
Stellar, a decentralized network for storing and moving money, and MoneyGram, a cross-border P2P payments and remittance company with operations around the world, are ideally suited to support the future of payment companies. .”
Startups selected as part of TechStars accelerator program include automated crypto investors bundleBundil plans to launch an automated system that deducts a reserve amount from a user’s daily purchases made by credit card. The company then invests these reserve amounts in various financial instruments such as stocks and crypto.
Another related automated investment service, Oinc, focuses on helping automate savings. Users can automate setting rules to easily save money and meet their financial goals.
Another company involved is mica, a tenant-focused company. Mica’s solution aims to enable tenants to rent apartments of their choice, automate bill payments, and reduce moving costs.
The company’s selection highlights that improving financial inclusion and solving everyday personal problems are at the forefront of the accelerator’s mind.
