• TechStars announced 12 startups chosen for its inaugural Latin American tech startup accelerator program.
• The program is a hybrid one, with physical meetings in Miami, Mexico City and Dallas, and virtual meetings in between.
• Stellar Lumens and MoneyGram are the headline sponsors for this program, providing innovative payment solutions for underserved or emerging markets.
TechStars, a global startup accelerator, has chosen 12 startups from Latin American countries for its first accelerator program in the region. This 90-day program is designed to provide innovative solutions to the region’s underserved market, and the founders come from South America (especially Brazil, Argentina, and Chile), the US, Latin America, and Mexico.
The program is a hybrid one, with physical meetings in Miami, Mexico City and Dallas, and virtual meetings in between. TechStars payment accelerator program director Tricia Martinez explained that the startups were chosen for the innovative payment solutions they provide for underserved or emerging markets in categories such as financial infrastructure, investing, personal financial management, lending, financial literacy, and payments.
The headline sponsors for this program are Stellar Lumens and MoneyGram, two giants in the blockchain and digital payments space. Stellar Lumens and MoneyGram are also partners, and they have established a robust fintech ecosystem across emerging markets, including LatAm nations.
The TechStars program is an important opportunity for the chosen startups to access the resources and expertise they need to expand their business and reach new markets. The program also provides valuable education, mentorship, and support to founders, and opens up potential investment opportunities.
At the end of the program, TechStars will select the most successful startups for further investment and mentorship opportunities. The accelerator program is a great opportunity for these startups to grow and become successful, and it will also help to drive economic development in the region.