Flywire, a fintech firm that provides global payment and receivable solutions for education, healthcare, and commercial enterprises, announced this week it has partnered with SP Jain School of Global Management to launch a startup competition, the Flywire Challenge, to power a new generation of transformative entrepreneurship in Singapore and the APAC region.
According to the duo, this competition, which is set to launch this month, solidifies Flywire’s dedication to partnering with powerful regional universities, government bodies and industry, and investing in education and the start-up space, as well as their long-term relationships with international educational and healthcare institutions as a leading payments solutions provider. Flywire will host, sponsor and evaluate a contest following an open call for teams to submit proposals for innovative start-up ideas. Any and all students and graduates, not limited to SP Jain students, will be invited to compete for three awards in the Health Technology, Education Technology and Travel Technology sectors.
Flywire also reported that as the winner of the Monetary Authority of Singapore’s (MAS) FinTech Awards in 2017, and as a part of its plans for continued growth within the APAC region, it will use its monetary award from MAS to fuel the student- and graduate-led entrepreneurship competition. Andrew Ong, Managing Director of Flywire APAC, stated:
“With this initiative, we are able to harness the power of our MAS FinTech win to fuel the next generation of thought leaders and industry change-makers in Singapore and throughout APAC. It was important to be able to pay it forward with a challenging and relevant programme that we hope will eventually produce the next innovative start-ups. It has been an amazing opportunity to be able to partner with the SP Jain School of Global Management and other institutions to be able to realise this vision, and to be able to dedicate ourselves to being supporters of education and the start-up space.”
Dr. John Fong, CEO and Head of Campus of SP Jain Singapore, added:
“This collaboration between Flywire and SP Jain is one that will truly change students’ and graduates’ possibilities in the start-up scene. We recognise that nurturing the next generation of disruptors is one of utmost importance, and this competition will certainly propel them forward. We’re bringing international resources and support systems – with our mentorship programmes and access – to new heights.”