One of the top SaaS platform providers for supply chain finance, Skyscend Inc., recently announced that it has joined Visa’s Fintech Fast Track Program. This will hasten the integration process with Visa and enable Skyscend to take advantage of the reach, capabilities, and security that VisaNet, the company’s global payment network, offers. Skyscend is now able to broaden its product offerings and offer its clients quicker, safer, and more convenient payment options thanks to the Visa Fintech Fast Track Program.
Skyscend’s CEO David Sulfridge, said, “We are thrilled to join the elite group of start-ups in the Fintech Fast Track Program. Acceptance into the Visa Fintech Fast Track signals Visa’s support of Skyscend and thereby serves to strengthen our customers’ trust in our solutions. Our participation in the Visa Fintech Fast Program enables us to modify several closed-loop systems limited to specific geographies in the B2B and P2P payment space. With Visa we now have the right partners and resources to provide businesses and consumers with the best digital payment solutions.”
Skyscend can offer B2B virtual card payment solutions through Visa Fintech Fast Track Program. As a result of this initiative, Skyscend Capital, Skyscend Inc.’s finance arm, will reduce the amount of work as well as risk associated with transferring funds to customers’ bank accounts. Virtual cards can be tracked and reissued if they expire prior to use, so customers consider them to be more secure and faster than physical cards.
Vanessa Colella, SVP and Global Head of Innovation and Digital Partnerships at Visa, said, “At Visa, we see our work with fintechs like Skyscend as one of our greatest opportunities. By joining Visa’s Fast Track Program, Skyscend can gain unprecedented access to Visa experts, technology, and resources to efficiently scale and bring innovative solutions to market.”
Through Skyscend Cash, a peer-to-peer digital wallet, Skyscend will simplify international payments with Visa to meet the growing preferences of clients for personal finance. With cutting-edge payment tools, businesses and consumers will be able to improve their lives. Skyscend can benefit from Visa’s Fintech Fast Track Program, which connects them to Visa’s growing network of experts and partners.
