11th November: Encore Pay – a company from cohort 3 of National Incubation Center, Karachi – gets selected for IBM’s prestigious Hyper Protect Accelerator Program. IBM’s accelerator program is a new tech startup program designed to build and scale the next generation of fintech and healthtech companies.
Encore Pay managed to secure a spot in top 15 startups from worldwide under this program. It will be participating in IBM’s prestigious program with other companies from United States, Canada, Europe, Middle East, Africa and India.
The selection was based on a set of standardized criteria by an expert panel of IBM and its various partners. Under this program companies receive IBM Cloud credits of up to $120,000, workshops with IBM, ongoing technical and business mentorship, and access to IBM’s network of partners, customers, and stakeholder, go-to-market support, and co-marketing collaboration.
“We are privileged to be a part of this program as this will help us to take our product and services globally. We would be benefiting immensely from the resources which IBM will provide us under this program”, said Imran Saeed Founder Encore Pay.
NIC Karachi’s Director, Shahjahan Chaudhary congratulated Encore Pay and said, “It’s a moment of pride for us as a company out of NIC got selected for this prestigious program which is not only going to help them transform into a scalable company, but also raise the bar for other Pakistani startups”.
Encore Pay provides world-class payment products and services which enable financial institutions and other entities to launch and grow different payment programs. Their secure, innovative, and future-proof products and services give financial entities complete control on their customer offering, and create competitive advantage for their businesses. Encore Pay is already serving global customers across Middle East and Africa.