Wirecard will join Plug and Play community, which has raised over $7 billion in venture funding to date
Wirecard and Plug and Play join forces to further advance technology developments worldwide: the global innovation leader for digital financial technology and the world’s largest startup accelerator, which is also the leading innovation platform, are now partners. Plug and Play, based in Silicon Valley, brings together startups, investors and blue chip corporations, like Wirecard, to accelerate development and deliver ideas to market. The Plug and Play community has raised over seven billion dollars in venture funding to date, and has supported the launch of disruptive innovators including Dropbox and Lending Club.
“We are constantly bringing together world-changing players who share the same passion and drive for tech advancement and disruption as us. Our new partnership with Wirecard will serve to expand our already extensive network, and create opportunities for innovators of all sizes,” said Claudius Jablonka, Director of Plug and Play.
“Since our founding two decades ago, Wirecard has played an instrumental role in the mentoring and supporting of startups – not only in the area of digital payments, but within the whole scope of digital financial technology,” added Jörn Leogrande, EVP Wirecard Labs. “By partnering with Plug and Play, we will be able to support even more innovators who have an idea that, together with us, could change the world.”
As a Plug and Play partner, Wirecard will have an instrumental role in accelerating startups, building innovation strategies, and exploring new revenue models and product offerings. Along with MediaMarktSaturn, Plug and Play is a founding partner of the Munich-based Retailtech Hub, a digital innovation platform specialized in the area of commerce. Plug and Play’s wide-ranging network is not limited to Silicon Valley, but also includes international entrepreneurs and government relations worldwide.