Silicon Valley Bank and MasterCard (NYSE: MA) have selected four startups to participate in the fourth class of Commerce.Innovated., a virtual accelerator designed for early-stage startups innovating across the commerce space to grow their businesses.
The four companies are:
– Alloy, a New York-based provider of an API to collect and manage customer data,
– Float, a California-based mobile credit provider,
– LaunchKey, a Nevada-based mobile authentication platform, and
– an undisclosed startup working in the mobile app space.
As part of Commerce.Innovated., the four startups will go through the four-month virtual program that provides resources to refine and enhance their business ideas through access to operational expertise from Silicon Valley Bank, MasterCard and their respective networks.
Launched in 2014, ther program has worked with 15 commerce-focused startups to date, including Apruve, AppZen, CardFlight, Dash, Footmarks, Gone, Local Maven, Nowsta, PayByGroup, PennyOwl, Slide, SnapUp, Spend Labs, Splitwise and Standard Treasury.
Applications for the next class will open in April 2016.