Nitra Latest FinTech to Join Visa's Fast Track Program
Nitra app and platform screenshots

Nitra Latest FinTech to Join Visa’s Fast Track Program

A spending insights platform built for healthcare professionals is getting a big boost by joining up with a major card company. This week, Nitra announced that it was the latest startup to join Visa’s Fast Track program. As a result, the company will now have access to Visa’s global payment network, VisaNet

Nitra is a FinTech offering spending management tools for private practice physicians. With the platform, clients can issue (as well as remotely lock) cards, view spending insights, upload receipts, and more. Plus, with Nitra cards, customers can earn up to 2% cashback on most purchases and up to 5% back on purchases from select vendors.

Launched in the United States in 2019, Visa FinTech Fast Track makes it easier for startups to partner with the company in order to begin issuing cards that utilize Visa’s network. To qualify for Fast Track, startups do need to have raised at least a Series A round or at least $1 million in funding. However, for those that aren’t yet ready for Fast Track, Visa also offers their Visa Everywhere Initiative which features a competition for early-stage startups, awarding prize money to winning businesses and concepts.

Sharing more of what Nitra offers and how working with Visa will help them achieve their goals, the company’s founder and CEO Jonathan Chen said in a statement, “Nitra’s role is to help doctors in private practice manage their business and save time for what matters most—their patients. The tools and expertise provided by Visa will be instrumental in delivering more value to our customers, and will enable more opportunities to spend at merchants in more places around the world.”

Additionally, Visa’s SVP and Global Head of Innovation and Digital Partnerships Vanessa Colella said of working with Nitra, “At Visa, we understand a shift to digital has impacted how money moves and what businesses need. By joining Visa’s Fintech Fast Track program, exciting Fintechs like Nitra gain unprecedented access to Visa experts, technology, and resources to efficiently scale and bring innovative solutions to market.”

For Nitra, it seems that the ability to utilize the Visa network will be a major benefit to their business. On that note, the fact that the startup is finding success by focusing on a specific niche such as private practice healthcare workers really highlights the power of FinTech and its ability to adapt to a diverse range of industries and professions. As similarly-niche startups like Nitra emerge, it’s nice to know that a program like Visa FinTech Fast Track is there for these emerging companies.

Leave a Reply

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories:, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...