Three LA Companies Selected For Commerce.Innovated Accelerator

Three, Los Angeles area companies have been selected for a accelerator being run by Silicon Valley Bank and Mastercard, the companies announced this morning. SVB and Mastercard said it selected six startups for its Commerce.Innovated virtual accelerator, which is aimed at helping commerce, payments and fintech startups grow their businesses, including Santa Monica's Domuso, Santa Monica-based Earny, and Burbank-based Papaya. Domuso is developing payment financing software for renters; Earny is a personal assistant which provides money back on purchases; and Papaya develops mobile bill payment apps. Silicon Valley Bank and Mastercard said the startups will go through a four-month virtual program that provides resources to help refine and enhance their business ideas. Editor's note: Silicon Valley Bank is a sponsor of socaltech, which does not influence our coverage.