• TechStars chose 12 startups from LatAm nations for its maiden tech startup accelerator program to provide innovative solutions to the region’s underserved market.
• Stellar Lumens and MoneyGram are the headline sponsors for this program and they have established a robust fintech ecosystem across emerging markets, including LatAm nations.
• The program’s total duration is 90 days, with founders from South America (especially Brazil, Argentina, and Chile), the US, Latin America, and Mexico participating.
TechStars, a global accelerator program that provides innovative solutions to the region’s underserved market, has chosen 12 startups from Latin American nations for its maiden tech startup accelerator program. The program will last for 90 days, with founders from South America (especially Brazil, Argentina, and Chile), the US, Latin America, and Mexico participating.
The accelerator program will hold physical meetings in Miami, Mexico City, and Dallas, with each meeting lasting for one week. During this time, the TechStars team will meet with the startup teams both virtually and physically to discuss and implement innovative payment solutions for underserved or emerging markets in categories such as financial infrastructure, investing, personal financial management, lending, financial literacy, and payments.
The program is sponsored by Stellar Lumens and MoneyGram, two leaders in blockchain-based distributed ledger and digital payments respectively. These two companies are also partners and they have established a robust fintech ecosystem across emerging markets, including LatAm nations.
Tricia Martinez, the program director of TechStars Payments, stated that “The partnership with Stellar and MoneyGram is an important step in the development of our accelerator program and will help us achieve our goal of providing innovative solutions to underserved markets in Latin America.” She also added that “We are incredibly proud to have the support of such an innovative and revolutionary platform as Stellar Lumens and MoneyGram, as this will enable us to reach our goal of creating a strong fintech ecosystem in Latin America.”
The 12 startups chosen by TechStars are all at the forefront of technology innovation, and they are expected to make a major impact in Latin American markets. Their products and services will help to revolutionize the way people access financial services, and they are likely to play a major role in helping to reduce poverty and inequality in the region.
The program marks a major milestone for the Latin American fintech industry, and it is a strong sign that the industry is ready to take a larger role in the global economy. With the support of Stellar Lumens and MoneyGram, the program will no doubt create a robust and sustainable fintech ecosystem that can help to improve the lives of millions of people in the region.
It remains to be seen whether the program will be successful in its mission to provide innovative solutions to underserved markets in Latin America, but it is certainly a step in the right direction. With the support of Stellar Lumens and MoneyGram, the region is sure to see a major shift in the way financial services are accessed and utilized.
Only time will tell what the future holds for Latin American fintech, but the TechStars accelerator program is certainly a major step in the right direction. With the support of Stellar Lumens and MoneyGram, the region is primed to become a major player in the global fintech industry.