US-based payment technology firm Visa and TechCrunch, a media company owned by US-based technology firm Yahoo, recently opened the Visa Everywhere Initiative 2023, a contest offering USD 500,000 in prizes to financial technology firms (fintechs) that “deliver innovative payment and commerce solutions.” Applicants apply based on their home region: Asia-Pacific; Central Europe, Middle East and Africa; Western Europe; Latin America; or North America. Application closing dates vary from May 14 to June 26 depending on the region. The finalists will compete for the grand prize of USD 50,000 in the US city of San Francisco in September.
Since its founding in 2015, the Visa Everywhere Initiative has entertained applications from 12,000 startups from 100 countries. These startups have gone on to raise a total of USD 16 billion. Organizations may apply to the 2023 competition at https://form.typeform.com/to/cSo9JIYj.
Visa partners with financial institutions to provide consumers with credit, debit and prepaid cards that can be used at merchants in 200 countries. Visa also offers payment and consulting services for commercial clients. As of September 2022, the firm reported 12 month net revenue of USD 29 billion on total assets of USD 85 billion.
The TechCrunch website hosts 20 million visitors monthly.
By Vaughn Rajah, Research Associate
Sources and Additional Resources
Visa Everywhere Initiative 2023 press release
https://usa.visa.com/visa-everywhere/everywhere-initiative/initiative.html
Yahoo profile on TechCrunch
https://www.adtech.yahooinc.com/our-brands/techcrunch
Visa homepage
https://visa.com/
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