Cloud-native platform offers library of modular APIs for card issuance and payment solutions
Xformative Payment Systems today announced that the company has been selected as one of 11 startups for the Mastercard Start Path program, which brings a global pool of innovators together to build the future of commerce. Xformative is the only cloud native issuer processor to be selected in the latest Start Path class from more than 1,500 applicant companies. Since 2014, Mastercard has invited more than 230 later-stage startups worldwide to participate in its six-month virtual program.
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Mastercard Start Path, a program within the Mastercard Accelerate portfolio, offers startups operational support, access to its network of experts, and strategic investment. It was most recently winner of Tearsheet’s first annual Best Innovation Program Award.
“The Mastercard Start Path program provides Xformative with a tremendous endorsement, and ensures we are working on key strategic priorities for success, especially as the demand for card issuer products, programs and features is outpacing the abilities of some of the current providers,” said Xformative CEO, Brad Bialas. “Our goal is to tighten the gap so that financial institutions, benefit providers, and all other tech-enabled companies looking to embed financial services have a flexible choice.”
“In today’s landscape where we’re moving toward a post-pandemic world, there’s no better time to take the plunge and build a business that will address some of the biggest challenges we’re all facing,” said Amy Neale, Senior Vice President, Start Path & Fintech at Mastercard. “Mastercard is proud to partner with Xformative on their journey to grow and scale and provide support and mentorship through the Start Path program.”
Xformative’s payments-as-a-service software replaces traditional payments service models by leveraging true cloud-native, serverless, event-driven technology and a library of modular APIs that customers can configure to almost any use case. The platform hosts a suite of decoupled microservices, architected to enable and configure case-specific issuing, remittance, ledger accounting, reconciliation and disbursement solutions.
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