WHAT COMPANIES ACHIEVED IN THE MASSIV 2024 FALL PROGRAM

AFRIPAY revolutionizes cross-border educational payments, offering seamless financial solutions that empower African students to access quality education globally. By connecting students, educational institutions, and financial partners, AFRIPAY fosters inclusive education and economic growth.

One of AFRIPAY’s key objectives during the program was to establish strategic partnerships. This goal is actively progressing, with a critical partnership initiated with a leading Fintech platform in Kenya and ongoing discussions with potential partners facilitated by program introductions. In the MASSIV program, AfriPay also explored partnership opportunities for AfriPay to offer card payment solutions in collaboration with international payment providers.

Another focus area was enhancing their impact framework. With support from UNDP, AFRIPAY developed a comprehensive measurement strategy to align with SDGs, specifically ensuring inclusive access to education (SDG 4, particularly 4.3), promoting gender equality (SDG 5), and advancing inclusive economic growth (SDG 8).

The program also provided actionable insights for market expansion. Expert workshop delivered a clear roadmap for improving cross-border payment infrastructure, scaling user adoption, and entering new regions.

Finally, AFRIPAY gained significant brand visibility and recognition through the program, solidifying its role as a key player in driving equitable global education access.

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Octany is building a unified fundraising platform for Nordic nonprofits, enabling organizations to manage donations, engage supporters, and improve fundraising efficiency through a single solution. During the MASSIV program, Octany explored collaborations with partners such as Nets/Nexi Group and was introduced to alumni Way to Bill, while also validating its solution with larger nonprofit organizations including the Swedish Red Cross, Save the Children Sweden, and the Swedish Childhood Cancer Fund.

At the same time, Octany worked to strengthen the broader nonprofit ecosystem by launching “Octany Commons,” a council bringing together key sector players, and by validating and initiating the development of a free shared data platform to enable sector-wide analysis and benchmarking. The company also received legal and fundraising support, alongside investor meetings that helped refine its growth strategy. With guidance from UNDP, Octany further developed its impact thesis and commitments, strengthening its positioning as a mission-driven platform. Reflecting strong engagement from its ecosystem, Octany was awarded the People’s Choice Award, receiving the highest number of votes from its customers, network, and the audience at the Mastercard Lighthouse Showcase. 

Soldera is building a digital infrastructure layer to unify renewable energy certificate markets, enabling companies to procure, track, and verify clean energy across fragmented systems. During the MASSIV program, the company focused on strengthening relationships with financial institutions and sustainability-focused partners to support future growth and adoption. Soldera engaged with key ecosystem players, including Swedbank, Nets/Nexi, Danske Bank, Mastercard, PwC, EY, and OpenFrame, exploring potential collaboration opportunities and use cases across both commercial and strategic areas.

Throughout the program, Soldera advanced discussions related to sustainability procurement and financing, while also validating potential support from Mastercard for procurement-related connections and future solution development. These engagements helped further refine the company’s positioning within the renewable energy ecosystem and explore pathways for scaling its platform. Building on this progress and its strong market potential, Soldera was selected as a finalist of the Mastercard Lighthouse MASSIV program. 

SpennX is building a multicurrency financial platform powered by stablecoins, enabling individuals and institutions to move money seamlessly across borders while increasing transparency and accessibility. During the MASSIV program, the company focused on advancing its product infrastructure and deepening its integration within the global payments ecosystem. This included identifying three concrete Mastercard integration pathways – Crypto Credential, Stablecoin Settlement, and Mastercard Move for cross-border payments – while also initiating partnership discussions with BluSalt, via Mastercard Nigeria, to explore a Mastercard-branded card product.

At the same time, SpennX strengthened its technical and regulatory foundation by partnering with Erlang Solutions, part of the Mastercard Service Provider Network, to build SpennX 2.0 and take ownership of its core payment infrastructure. The team further advanced its compliance capabilities through ongoing discussions with CryptoSwift, particularly around implementing the crypto travel rule. Alongside these developments, SpennX soft-launched its KinPay MVP, enabling structured and verifiable credit activity for underserved communities. With support from UNDP, the company also refined its impact value chain and impact thesis, aligning its solution with financial inclusion goals under SDG 10.c.