Silicon Valley Bank and MasterCard Gear up for Commerce.Innovated Fall Class

Silicon Valley Bank and MasterCard open registration for their fintech, payments and commerce accelerator program, Commerce.Innovate.

Commerce.Innovated, an accelerator program hosted by Silicon Valley Bank (SVB) and MasterCard for fintech, payment and commerce startups, is opening registration up for its Fall 2105 class. Unlike many other startup accelerators that are based in a central physical location, Commerce.Innovated is a four month virtual program.

The Fall class will be the fourth program hosted by Commerce.Innovated for early stage startups. Participants are provided resources from Silicon Valley Bank and Mastercard to help them develop and scale their products and services. Beginning in November, the program is open to early state firms that fit this criteria; have a working product, secured or raised seed funding, have a core team in place, and “Creating a solution that is helping to make commerce easier, safer or better for consumers or businesses.”

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Commenting on the coming class, Reetika Grewal, Head of Silicon Valley Bank’s payments strategy, stated, “We have worked with three great classes of companies that are disrupting the commerce space and are looking forward to meeting the new applicants for the fourth class of Commerce.Innovated. Our operationally-oriented program provides a unique opportunity for early-stage payments, fintech and commerce companies to leverage our knowledge and networks. We have provided assistance to these amazing entrepreneurs in areas such as compliance, fraud prevention and developing payment solutions.”

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