PayPal and Braintree have joined forces to launch what they say is the first global start-up program in the payments industry for high-tech start-ups in Australia and seven other Asia Pacific markets.
The Startup Blueprint program partners with start-ups from the best incubators and accelerators helping the next generation of mobile and web companies to monetise their businesses and connect with 152 million active account holders. The program comes at a critical juncture in Asia Pacific’s start-up scene as more people in the region’s large population come online via smartphones and tablets.
Through Startup Blueprint, start-ups can enjoy free payment processing for up to a transaction value of US$1.5 million with PayPal and US$100,000 with Braintree. In addition, start-ups will have access to a dedicated team of start-up advisors, all of whom have started their own companies or been involved with early stage start-ups. Each advisor will provide one-on-one mentorship, workshops and continuous white glove support.
“We know every cent matters and we do not expect anything in return,” said John Lunn, Senior Global Director, PayPal and Braintree Developer & Startup Relations. “PayPal and Braintree are driving Startup Blueprint because we have been there. We want to help start-ups get up and running. This program empowers payment capabilities and supports each start-ups growth.”
Startup Blueprint has more than 45 partners, including locally headquartered Starmate, Blackbird Ventures, ATP Innovations, and Oxygen Ventures. To be eligible for the program, start-ups must:
- Focus on making mobile or web software or services;
- Be privately held and make less than US$3 million annually or are less than five years old; and
- Be nominated by a Startup Blueprint partner: incubator, accelerator or venture capitalist.
Since its inception, Startup Blueprint has engaged hundreds of start-ups around the world and has nurtured several successful businesses including Memebox, Blitsy, Telnyx and Swivl. For more information on Startup Blueprint, visit https://blueprint.paypal.com/.
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