Rauva announced as winner of the European “Mastercard For Fintechs” competition

Mastercard proudly announces Rauva as the grand prize winner of the 2024 Mastercard For Fintechs competition, following a selection process that took place across Paris, Madrid, Milan and Amsterdam.

The first edition of the Western European final of the “Mastercard For Fintechs” competition was held on Monday, November 25 at the Institut du Monde Arabe in Paris, bringing together industry leaders, fintech innovators and key stakeholders from across the region.

The Mastercard For Fintechs program was launched as part of Mastercard’s efforts to identify and support the most innovative fintech start-ups in Western Europe, with the potential to transform the future of payments, to stimulate their growth and help them expand.

The Mastercard For Fintechs program is built on three key pillars: events, fostering meaningful connections; competitions, enhancing visibility and recognition; and education, providing fintechs with the critical knowledge and insights needed to navigate challenges and seize new opportunities. Through these initiatives, Mastercard hopes to empower fintechs to not only overcome hurdles but thrive in a highly competitive market.

Over 290 attendees from the French fintech ecosystem attended the final which was enriched with panels, keynotes and networking opportunities.

Rauva, winner of the 2024 edition

The 10 finalists from the seven participating countries (Italy, France, Spain, Portugal, Belgium, Luxembourg and the Netherlands) competed in the European final of the competition in front of a jury consisting of Mastercard executives and external partners. Projects were evaluated against a set of key criteria such as team expertise, degree of innovation, financial health, long-term viability, scalability potential and strategic fit with Mastercard.

Rauva, emerged as the grand winner of the competition, securing a prize package valued at €50,000 in marketing support, access to Mastercard's sponsorship assets, privileged access to the Start Path program's final selection day, and mentorship from ecosystem experts and founders.

As the competition concludes, Mastercard reaffirms its dedication to supporting fintech entrepreneurs and driving transformation within the ecosystem.

“The Mastercard For Fintechs competition celebrates the incredible talent and innovation thriving within the fintech ecosystem. Rauva truly embodies the forward-thinking vision we need to transform payments and drive financial inclusion. At Mastercard, we are proud to stand alongside fintechs as a trusted partner, offering the resources and support they need to scale, innovate, and make a lasting impact. Congratulations to Rauva for this well-deserved win – we’re excited to support their next steps in shaping the future of payments,” commented Paloma Real, Division President Western Europe, Mastercard.

Jon Fath, co-founder and CEO of Rauva, adds: “We are extremely pleased and proud of this award, which symbolizes the accomplishment of our work towards making entrepreneurship easily accessible to everyone. Mastercard has been our partner from day one, and is a partner of choice for all fintechs. Thanks to their support, we will be able to continue supporting SMEs to succeed in their businesses. The adventure has only just begun.”

Rauva is an all-in-one business management platform focused on helping SMEs to start, run and grow their businesses, including business accounts, invoicing software and accounting services in one place.