Young entrepreneurs under the age of 20 can apply for Transferwise’s mentoring by submitting a video about their innovation — Hungarians included. The fintech company will select a total of 20 startups to receive both funding and mentoring, while the “absolute winner” of the tender will receive a grant of GBP 25,000.
Participants will also be eligible for a free cross-border transfer of up to GBP 1 million through the Transferwise system.
One of the jury members will even be Hungarian investor/mentor Balázs Vinna. Those submitting to the tender do not necessarily have to have a fintech concept to receive support; the previous round was won, for example, by a startup with a new lip balm.