Unlocking an Unprecedented Fintech Experience

Human beings are known to be good at many different things, but what really makes them a cut above the other species is their tendency to grow on a consistent basis. This progressive tendency, in particular, has already got us to hit upon some huge milestones, with technology appearing as a major member of the stated squad. The main reason why technology enjoys such an esteemed stature among people is due to its skill-set, which realized all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, if we look a little bit closer, it will become clear how the whole runner was also very much inspired by the way we applied those skills across a real-world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. This revolution, as we discovered, will go on to scale up the human experience from every conceivable direction, but even after achieving such a monumental feat, technology will somehow continue to bring all the right goods to the table. The same has grown to become a lot more evident in recent times, and truth be told, a newly-formed collaboration should only make that bigger and better moving forward.

Skyscend Inc., a leading SaaS platform provider for supply chain finance, has officially joined Visa’s Fintech Fast Track Program to provide its customers with a faster; more secure, and streamlined payment experience. As per certain reports, the move will allow Skyscend to automate B2B payments by leveraging fully-encrypted and simple-to-use virtual card transactions, thus dramatically bringing down the workload that is usually involved in transferring funds from Skyscend Capital, Skyscend Inc.’s finance arm, to a customer’s bank account. Not only that, considering virtual cards can be tracked and reissued if they expire prior to use, they also offer a method of payment receipt which many people deem as far more seamless than most alternatives out there at the moment. Another thing that is worth a mention here is how the stated program will let Skyscend use its digital wallet, Skyscend Cash, for the purpose of conducting peer-to-peer (P2P) payments. This feature is expected to help the company in simplifying international payments and meet unique client preferences in terms of personal finance.

“We are thrilled to join the elite group of start-ups in the Fintech Fast Track Program. Acceptance into the Visa Fintech Fast Track signals Visa’s support of Skyscend and thereby serves to strengthen our customers’ trust in our solutions. 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 payment space. With Visa we now have the right partners and resources to provide businesses and consumers with the best digital payment solutions,” said David Sulfridge, CEO of Skyscend Inc.

Founded in 2020, Skyscend has already proven itself as a leading player when it comes to invoicing and payables financing management solutions. Hence, by betting on the capabilities of Visa’s Fintech Fast Track Program, which is specifically designed to guide start-ups during their initial phase, Skyscend should only hope to capture a bigger share of the fintech market in the near future.

“At Visa, we see our work with fintechs like Skyscend as one of our greatest 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 experts, technology, and resources to efficiently scale and bring innovative solutions to market.”