The Stellar Development Foundation, MoneyGram, and Techstars launched a three-year accelerator program targeting fintech startups building blockchain and digital payment solutions for Latin America, with up to 12 startups selected annually for a 13-week immersive program.
The Stellar Development Foundation, MoneyGram International, and Techstars announced a new accelerator partnership focused on recruiting founders building blockchain and digital payment technologies for cross-border payments and financial inclusion, particularly targeting Latin America. The program will run for three years, selecting up to 12 fintech startups annually for a 13-week immersive program with mentorship from all three organizations. Participants will work on product-market-fit and present to investors on Demo Day. Applications opened July 25, 2022, with a deadline of October 12, 2022. The initiative leverages Stellar's growing ecosystem and MoneyGram's established presence in Latin America, one of its largest remittance corridors, to support locally-inspired financial solutions in a region where most people are unbanked or underbanked.