Visa strengthens its support to local fintech ecosystem by expanding Visa Innovation Program Europe to Malta

With Open Call expected to launch in March 2023, Fintech in Malta will be able to submit their applications to be part of the 2023 edition cohort.

The awarded candidates will become part of the Visa Innovation Program Europe, which during the following 6months will support their growth, providing them with access to training resources, mentoring and investors. They will also be able to tap into a network of proof-of-concept partners such as banks, e-money institutions, merchants, and other high-profile organi

zations, to test and validate their propositions and reach the commercialization stage faster.

Sevi Vassileva, VP and General Manager Malta, Greece, Israel and Cyprus at Visa said: “Visa is constantly innovating to make new and future payment methods and channels better and more accessible to all. This is what guides our approach to collaborating with Fintech to create new ways to pay and be paid. We are excited to bring this program to Malta with our partners, demonstrating our continued investment in fintech talent in the markets where we operate the program, and beyond. I’m incredibly proud to see how much the Visa Innovation program has and continues to expand as an established regional program across Europe and looking forward to welcome the Fintech in Malta interested in becoming part of it.”

Michael Psalidas, Managing Director at Crowdpolicy said: “Visa Innovation Program Europe continues to pave the way for the development of partnerships between startups, Visa and financial institutions, giving the chance in more fintech companies with the launch in Malta to flourish in a dynamic ecosystem with exciting opportunities and potential for fintech entrepreneurs“.

Visa Innovation Program Europe in data

Since its inception in 2018, the Visa Innovation Program, Europe has opened hubs in Bulgaria, Greece, Turkey and Spain, evaluating over 900 applicants in 62 countries with 72 selected Fintechs. They generated 70 proofs of concept thanks in large part to Visa network partner introductions. To date the Program has delivered a total of 1.300 hours of mentoring and the participating Fintech have entered 84 rounds of investment, receiving over 350 million euros in funding. One of the first participants in the Program, Payhawk, became a unicorn last year.