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

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.”

Commenting on the coming class, Reetika Grewal, Head of Silicon Valley Bank's Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term 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 Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term 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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