Visa to accelerate Brazilian startups

The payments giant is investing in new ventures focusing in the financial technology segment.

Visa Brazil is looking for startups active in the fintech segment for its recently launched acceleration program.

The Ahead Visa program is seeking new ventures focused on financial services such as lending, debt renegotiation, bitcoin management, blockchain, financial efficiency and payments.

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Led in partnership with Brazilian accelerator Startup Farm, the chosen companies will undergo a six-week acceleration progress starting in February 2017, divided into separate stages aimed at building the business model, sales strategy and fundraising.

Following the acceleration program, the startups will pitch their projects to an audience of senior executives from large organizations and investors interested in investing between R$300,000 ($94,366) and R$ 1m ($314,600).

According to the payments giant -- who has recently launched a "Co-Creation Center" in São Paulo as part of its global innovation strategy -- the idea is to create an environment of co-creation for the development of the next generation of payments.

"Widening this co-creation network goes through connecting with startups and fintechs," says innovation executive director at Visa Brazil, Érico Fileno.

Startups should sign up for the program online until November 19.

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