Expanding Innovation and Collaboration in the Region
Dated: June 15, 2022
Mastercard, a leading global payment technology company, has announced its partnership with Further Ventures, a prominent venture capital firm, to foster innovation and fuel the growth of startups in the United Arab Emirates (UAE) and the broader Middle East and North Africa (MENA) region.
The partnership aims to encourage and support the development of fintech, digital payment solutions, and emerging technologies in the region. Mastercard, known for its commitment to driving digital transformation, will collaborate with Further Ventures to harness the potential of startups and drive sustainable growth.
Benefits to Startups and the Ecosystem
This collaboration provides startups with access to Mastercard’s extensive network, industry expertise, and resources. It offers a unique opportunity for entrepreneurs to gain valuable insights, mentorship, and potential partnerships. Furthermore, selected startups will have the chance to showcase their innovations at global platforms, facilitating exposure and attracting potential investors.
Fostering Innovation and Economic Growth
This partnership aligns with the UAE’s vision to become a global hub for innovation and entrepreneurship. By supporting local startups in their growth journey, Mastercard and Further Ventures contribute to the country’s economic diversification and job creation goals.
Furthermore, the collaboration drives innovation in sectors beyond payments. Startups focusing on areas such as e-commerce, data analytics, blockchain, and cybersecurity will benefit from the partnership, fostering the development of solutions that address evolving market demands.
A Message from Mastercard
In a statement, Mark Smith, Mastercard’s Regional Head of Partnerships, expressed his excitement about the partnership, stating, “We are thrilled to partner with Further Ventures in our shared commitment to fostering innovation and driving economic growth in the UAE and MENA region. Through this collaboration, we aim to empower startups, enable entrepreneurship, and pave the way for transformative developments.”
The partnership between Mastercard and Further Ventures is a step forward in nurturing a thriving startup ecosystem in the UAE and MENA region. This collaboration promises exciting opportunities for startups and strengthens the region’s position as a hub for technology-driven innovation.
Press Contact:
John Doe, Public Relations Manager
Email: info@mastercard.com | Phone: +1 123-456-7890