SDF, MoneyGram, and Techstars launched a three-year startup accelerator program focused on blockchain-based cross-border payments solutions for Latin America. The program will select up to 12 FinTech startups for a 13-week mentorship initiative, with applications opening July 25.
The Stellar Development Foundation, MoneyGram, and Techstars announced a partnership to launch a startup accelerator program targeting Latin America's financial system. The three-year initiative will select up to a dozen FinTech startups to participate in a 13-week immersion program where entrepreneurs receive mentorship from the three organizations and present to investors at completion. The program aims to build solutions for more inclusive and accessible cross-border payments using blockchain technology. Applications for the first cohort open July 25 with a deadline of October 12. SDF CEO Denelle Dixon emphasized the program's focus on leveraging 21st-century technology to improve financial system access.