GoDutch and Pay4You Reach Finals in Mastercard for Fintechs Competition

GoDutch and Pay4You have emerged victorious in the semi-finals of the inaugural edition of Mastercard for Fintechs. The proud winners will represent the Netherlands in the European final taking place in Paris on November 25th.

If either of the two companies secures the ultimate victory, they won’t be leaving empty-handed. The final winner will receive a marketing support package worth €50,000, expert mentoring, and entry into the prestigious Mastercard Start Path program.

The payment technology company has created this competition to boost growth and assist startups in reaching their next phase of development.

“We see significant potential in the innovative ideas of the semi-final winners GoDutch and Pay4You to enhance the financial ecosystem in the Benelux and beyond,” said Jan-Willem van der Schoot, Country Manager of Mastercard Netherlands. “Innovation and relevance come together here. It is wonderful to reach early-stage Fintechs through this competition.”

GoDutch

GoDutch is a banking solution that offers complete transparency regarding the income generated from banking services provided to its customers, returning up to 70% back to users. By supporting sustainable projects, such as greening five square meters of savanna for each user, the company aims to make a positive impact on the planet and local communities.

“We are incredibly proud of this recognition,” said founder Thomas Vles. “Winning the final would be a fantastic validation of our vision for GoDutch. With Mastercard’s support, we gain more knowledge, a broader network, and the ability to collaborate on specific projects such as the development of unique payment cards.”

Pay4You

Pay4You has created a platform to assist businesses in managing and processing their tail-end spending, which typically includes expenses incurred with non-vendors and often involves one-time, smaller suppliers. By facilitating all expenditures through a (virtual) credit card and consolidating them into one clear invoice, Pay4You helps companies optimize and simplify invoice processing, save costs, and gain insights.

“To grow, it’s essential for us to convey the right message to the right audience,” added CCO Melvin van Wingerder. “Becoming a finalist in the Mastercard for Fintechs competition demonstrates that we have a credible proposition and story. We are incredibly eager to work with Mastercard to further grow and achieve even greater success.”