The Application process (“Application’’) is open to all founders and co-founders of businesses based in the UK and Europe (“Applicant’’).

The Application period ends on 26/04/22. Incomplete, illegible, misdirected or late entries will not be accepted.

Eligibility criteria for the Applicants

• The Legal Entity (“Company”) must be officially registered and established by the closing of the Application period which is [insert date]. Wise may require proof of registration of the legal entity during the Application process or after.
• Acceptable formats of legal entities are: limited companies, public companies, partnerships, limited liability partnerships and anything equivalent in applicable jurisdictions.
• Charities are excluded from this competition.
• All Applicants must be affiliated with the legal entity. Wise may require proof of affiliation of the Applicant to the legal entity during the Application process or after. The Applicant must be at least 16 years old and not older than 19 at the point of the Application closing date.
• Any entries that Wise considers (in our absolute discretion) to be dangerous, vulgar, offensive, indecent, illegal racist, copied, offensive, cruel or fraudulent, or infringe on the rights or copyright of others or that do not meet the eligibility criteria will be immediately disqualified.

Prize fund

Each of the winning 20 Under 20 participants will be limited to a ‘fair usage’ of £1 million fee-free transfers for their with a Wise Business account, after which normal charges will apply. This offer excludes all transfers made via the SWIFT network (including the United States). The fee-free account must be registered in the name of someone aged over 18 and only can be used by the winning Company only. The fee-free transfers cannot be transferred to another account and must be claimed within one year from the day the results are announced.

The winner of the 20 Under 20 competition will receive £25,000 or equivalent in their home currency in prize money. This prize must be claimed within 60 calendar days from the day the results are announced.

The Winners of each of the special awards (Best EdTech, Greentech and Social Enterprise) will receive £2,000 each or equivalent in their home currency in prize money. This prize must be claimed within 60 calendar days from the day the results are announced.

Confidentiality

The Applicants shall keep the result of the competition confidential until the results have been publicly disclosed by Wise.

Data Protection

The Applicant agrees to consent to Wise collecting, storing and processing their personal data which the Applicant provides to Wise in their application. Wise will collect, store and process this personal data for the purposes of enabling Wise and the 20 Under 20 judges to select the top 20 winners of this 20 Under 20 competition. The Applicant acknowledges that Wise shall, in connection with this application, collect, store and process the applicant’s personal data in accordance with the Wise privacy policy (as amended from time to time).