For startups, the most critical skill is speed. It's essential to their success, whether it's obtaining first-mover advantage or hitting a fast-approaching deadline to win a customer account. However, for fintechs, there are additional steps to building and releasing a product: regulatory requirements, systems to integrate, partners to acquire, vendors to assess, and more just to get the business up and running.
That's why Visa created the Fintech Fast Track program. Part of Visa’s broader initiatives to stand up the fintech community, Visa expanded the global program to the U.S. in the summer of 2019 to help fintechs scale their growth and bring their unique ambitions to life. The Visa Fast Track program aims to meet fintechs where they are and speed up the process of integrating with Visa, taking the process from months to weeks. Fast Track allows program participants to more easily leverage the speed, security, reliability and scale of the Visa network, thereby helping them scale more quickly.
And that's where Middesk comes in; through our Business Identity product, the fintechs in the program have the ability to leverage a turn-key solution for verifying the legitimacy of any business. Using Middesk, fintechs can gain access to complete and accurate information on every business connection, enabling them to establish trusted relationships that strengthen the company's position in the eyes of customers, partners, and investors. And with having that part of a compliance function covered, they can focus their efforts on growing and scaling the core business.
We envision Middesk enabling fintechs in the program to grow faster, safer, and smarter — and we're excited to see the future results . Furthermore, we're humbled to join an all-star roster of current-Visa partners.
Check out more information on our Visa Fast Track partnership here.
Learn more about Visa’s Fintech Fast Track program at http://Partner.Visa.com.