Archa, the Melbourne based fintech, becomes a principal issuing member of Mastercard in Australia
Melbourne based Fintech, Archa, has today announced it has become a principal issuing member of Mastercard. This grants Archa direct access to Mastercard’s leading global payments network and resources and builds on the strategic partnership between the two organisations announced earlier this year.
The enhanced relationship will see Archa launch an innovative credit card, alongside a host of in-app tools to help small business owners manage their spending and gain more control over their finances. This partnership speaks volumes to Mastercard's approach towards fintech globally, as it aims to support new propositions that assist and enable the small business community to thrive.
Archa will be launching its business credit card later this year as it aims to get a foothold in the small business market. With many businesses impacted by the COVID lockdowns, the launch of their small business credit card will be timely, providing a safe and secure alternative for businesses as they get back on their feet. Furthermore, in issuing its own cards Archa is now able to collaborate with other Fintechs to bring joint propositions to market, driving more value for small business owners and operators.
Oliver Kidd, CEO of Archa says, “This is a really important strategic milestone for Archa. We’re thrilled to have the support of Mastercard as a critical foundation to our business model. We look forward to working closely with Mastercard over the coming years to support small businesses throughout the region.”
“Mastercard is thrilled to welcome Archa to our global network of exciting fintechs,” said Kallan Hogan, Vice President, Fintech, Mastercard Australasia. “Archa’s business card offering closely aligns with our mission to support small businesses by providing them with business centric products and tools to support their growth through all economic cycles.”
Archa are currently live and testing with a select group of beta customers. It’s possible to apply to join the beta program or sign-up to their corporate waitlist.
Archa is a Melbourne based Fintech, dedicated to building innovative financial products that put money back in small businesses pockets. When it comes to credit, we’ve found that one size doesn’t always fit all. Archa is working hard to build a platform that’s flexible and helps small businesses access the credit they need, when they need it. Business can instantly access a credit card, without a personal guarantee.
Want to be the first to try Archa. Sign-up today! - https://www.archa.com.au/beta/
About Mastercard Incorporated (NYSE: MA), www.mastercard.com
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
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