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Five Swedish fintech startups will compete in Lighthouse FINITIV by Mastercard

Five Swedish fintech startups will compete in Lighthouse FINITIV by Mastercard

Companies participating in this fall’s program offer solutions in a number of different areas, including financial literacy, e-commerce payments, blockchain payments, fraud control and personal finance management. Mastercard Lighthouse aims to support innovation and partnerships by connecting participating companies with investors, banks and other business partners. This was stated in a press release.

The following companies from Sweden are participating in the fall edition of Mastercard Lighthouse FINITIV:

  • Waya Finance & Technology is a comprehensive billing management cloud platform. It provides digital management without manual operations at a fraction of the cost of legacy system configuration.
  • Kwikk helps companies create D2C (direct-to-consumer) channels so they can increase sales online.
  • Bits technology builds dynamic qualification flows and prevents fraud by leveraging multiple data sources to meet your identity needs.
  • Vaulter is a payment solution that increases trust between sellers and buyers by keeping funds in custody until delivery is complete.
  • Tjing The Wallet is a digital wallet for kids that encourages financial literacy by making money and finance fun.

In addition to the Swedish companies, five companies from Lithuania and five from Finland are participating.

During the program period, the participating companies will be able to present their solutions and discuss possible areas of cooperation with Mastercard, SEB, Swedenbank and OP Group during various events and workshops. It will also be offered to investors from the Mastercard Lighthouse Investor Circle, which consists of more than 100 investors from Europe, the United Kingdom and North America. In addition, companies will meet with growth advisors such as AWS, Fintech Mundi, and Invenio Growth, as well as receive mentoring from marketing and communications teams to articulate their story and mission, as well as improve media exposure during and after the program.

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Working in parallel with Lighthouse FINITIV is Lighthouse MASSIV, Mastercard’s partnership program to support and scale high-impact technology companies with significant potential to achieve the United Nations Sustainable Development Goals. Five companies from Norway, Denmark, Finland and Estonia are participating in the autumn edition of MASSIV.