Skyscend joins Visa’s Fintech Fast Track program

By Edlyn Cardoza

Skyscend Inc., one of the leading SaaS platform providers for supply chain finance, announced that it has joined Visa’s Fintech Fast Track program, accelerating the process of integrating with Visa, allowing Skyscend to more easily leverage the reach, capabilities and security of VisaNet, the company’s global payment network, offers Through the Visa Fintech Fast Track program, Skyscend can now expand its offerings and offer faster, more secure and streamlined payments to its customers.

“We are thrilled to join the elite group of startups in the Fintech Fast Track program. Acceptance into the Visa Fintech Fast Track signals Visa’s support for Skyscend and thus serves to strengthen our customers’ confidence in our solutions,” said Skyscend CEO David Sulfridge. “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 payments space. With Visa, we now have the right partners and resources to provide businesses and consumers with the best digital the payment solutions.”

Skyscend can use the Visa Fintech Fast Track program to automate B2B payments by introducing secure and user-friendly virtual card payments. This initiative will help reduce the risk and workload involved in transferring funds from Skyscend Capital, Skyscend Inc.’s financial arm, to a customer’s bank account. Since virtual cards can be tracked and reissued if they expire before use, customers recognize it as a safer and faster payment receipt method.

Skyscend will also be able to facilitate international payments with Visa using Skyscend Cash, a digital wallet for peer-to-peer payments, to meet growing client preferences for personal finance. Businesses and consumers will now have access to cutting-edge payment tools to make life easier.

Visa’s Fintech Fast Track program gives FinTech start-ups like Skyscend the opportunity to access Visa’s growing partner network and experts who can guide in helping them get off the ground in the most efficient way possible.

“At Visa, we see our work with fintechs like Skyscend as one of our biggest opportunities,” said Vanessa Colella, SVP and global head of innovation and digital partnerships at Visa. “By joining Visa’s Fast Track program, Skyscend can gain unprecedented access to Visa expertise, technology and resources to effectively scale and bring innovative solutions to market.”