Transferwise to support 20 young entrepreneurs

The British online money transfer service will also give GBP 25,000 in funding to the winners of its online tender.

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.

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