Six startups have been chosen for Mastercard’s Launch Path fintech accelerator. Brazil’s Moeda Seeds was the only blockchain company among the finalists.

Asante Financial Services, Cledara, Jifiti, SpenDebt, and Tippy are the other firms.

Moeda bills itself as a social impact and sustainability blockchain payment app. Moedapay users receive impact cashback points, which can be used to fund potential Moeda social impact ventures.

It has an online marketplace with just one product, an artisanal beer, at the moment. When a customer buys a product, however, they can see where their money goes.

In beer, 60% of the proceeds go to the brewery, 20% to a local cooperative, and 20% to Moeda’s crypto coin.

Moeda is also working on a coffee sustainability project, and the VVIDAA portal for marketing family produce.

Mastercard, like many other accelerators, facilitates partnerships between startups and larger corporations. Each corporation is required to participate in the programme for six months.

On the other hand, Mastercard only chooses companies that have already shown product-market fit and raised capital.

In the meantime, Mastercard is working on several blockchains and digital currency projects. It recently took part in the $65 million ConsenSys funding round. Provenance is Mastercard’s blockchain protocol.

However, it revealed a collaboration to use ConsenSys Quorum, an Ethereum blockchain technology, as part of the ConsenSys investment.

The payments network introduced a forum for checking central bank digital currencies (CBDC) and backed the Bahamas’ Island Pay. It released the first CBDC prepaid card. It’s also a member of the Marco Polo trade finance blockchain network.