Arcus, a fintech-as-a-service platform, has been announced as the “Overall Winner” and the “Audience Favorite” as part of the 2020 Visa Everywhere Initiative (VEI), earning a grand total prize of $75K USD. Arcus was selected out of an initial pool of 1,300 applications dedicated to solving fintech’s most pressing global challenges.
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“Fintechs like Arcus are dedicated to helping the fintech ecosystem grow – this is exactly the kind of innovation we love to support through the Visa Everywhere Initiative,” said Terry Angelos, SVP and Global Head of Fintech, Visa.
Reflecting the diversity of today’s innovation landscape, Visa Everywhere Initiative’s talent pool exhibited cutting-edge technology to help support and move the payments industry forward. Since first launching in the U.S. in 2015, the Visa Everywhere Initiative has since expanded to include more than 7,000+ applying startups from over 100 countries, collectively raising over $2.5 billion in funding. As one of Visa’s premier global programs for innovation, Visa Everywhere Initiative aims to address the most critical business challenges in today’s market.
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“Fintechs like Arcus are dedicated to helping the fintech ecosystem grow – this is exactly the kind of innovation we love to support through the Visa Everywhere Initiative,” said Terry Angelos, SVP and Global Head of Fintech, Visa. “We congratulate Arcus and look forward to helping them expand and commercialize their solution, bringing more of the world’s unbanked population into the formal, digital payments ecosystem.”
Arcus’ fintech-as-a-service platform is designed to help businesses launch innovative fintech products across the Americas. Arcus’ flexible API enables businesses in any industry to develop, build and go to market with financial products that solve consumers’ challenges. Businesses can leverage Arcus’ platform to gain turnkey access to essential banking services including payment, financial data and digital wallet services.
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