COPENHAGEN, Denmark, June 26, 2017 /PRNewswire/ — Modo, the payments technology company leading the connection of legacy financial services infrastructure to new digital experiences, today announced their participation in the Mastercard Start Path Global 2017 Summer Class. Modo’s COIN® is already being used by global payment and commerce giants like Bank of America Merrill Lynch, Verifone, FIS and Klarna. During its participation in the Start Path program, the Dallas-based startup hopes to receive the operational support needed to continue expanding the applications powered by their technology.
“As self-proclaimed #paymentsgeeks, joining Mastercard Start Path will connect us to the resources we need to reimagine financial technology at a greater pace,” said Bruce Parker, CEO of Modo. “We look forward to joining the cool kids in our industry to refine the vision for our COIN technology and bring our business to new heights.”
“Collaborating with Modo allows Mastercard to explore new ways for consumers, merchants and financial institutions to make and receive payments,” said Amy Neal, Vice President, Mastercard Start Path Global. “By connecting Modo to our network of experts and partners, we can build the technologies of tomorrow more quickly.”
Modo recently participated in the Start Path Immersion Week in London where they developed a tailored plan that will deliver tangible value and help Modo to scale. For the next six months, Modo will receive access to Mastercard expertise, resources, and solutions.
Modo joins Start Path in the Startup City at Money20/20 Europe. Modo CEO, Bruce Parker, will also be speaking with Ather Williams, Head of Global Transaction Services, Bank of America Merrill Lynch, about Modo’s partnership with the bank for global digital disbursements at the conference. Their session is in Track Room 5 on Tuesday, June 27th at 3:50PM CEST.