CHATTANOOGA, TN, June 25, 2021 – Transcard, a payment technology leader, announced the launch of AccelUp, an accelerator program for minority owned start-ups in Chattanooga, Tennessee.
AccelUp will select 10 minority owned start-ups each year to receive a $15,000 non-dilutive loan.
Start-ups selected for AccelUp will have access to:
Additionally, the AccelUp team can draw upon Transcard’s unique expertise its finance and technology to provide start-ups with a diverse approach to structuring future projects and initiatives.
Transcard hopes that providing AccelUp members with mentorship, resources and a collaborative workspace will help the start-ups build their business and network within the community.
“We are crazy about entrepreneurship,”
Transcard president Chris Fuller said.
“AccelUp is an opportunity for us to invest our time and resources to help entrepreneurs in our community.”
Over time, Transcard will expand AccelUp beyond minority owned start-ups to include give-back initiatives in mentorship, business development, and networking. Transcard also plans to leverage its professional resources across the U.S. and Eastern Europe to support entrepreneurs worldwide.
AccelUp will begin accepting member applications in early July.
ABOUT TRANSCARD
Transcard makes frictionless payments a reality with comprehensive global payment solutions designed for banks, fintechs, and businesses of any size and in any industry.
We deliver solutions for B2B payments, C2B payments, B2B2C payments, A2A automation, BaaS.
Our solutions combine unmatched multi-rail capabilities, embedded workflows, best-in-class integration, effortless reconciliation, and bank-grade security. These are some of the reasons that 550 businesses and more than 200 banks trust us with their payments.