TransferWise to help people develop their business ideas

The Estonian money transfer company, TransferWise, has launched a mentoring programme, Startup Surgery, to help people with innovative business ideas develop their products or services.

According to Kaarel Kuddu, the company’s product lead and one of Startup Surgery’s initiators, the TransferWise team wants to share its experience and knowledge with others.

“Our story is often set as an example of successful entrepreneurship,” Kuddu said in a statement. “We would like to take it one step further and boost people’s confidence so that their smart business ideas can succeed.”

Kuddu added that the programme was designed for people with an idea or a prototype that needs an extra pair of eyes or expert advice to take it to the next level.

The deadline for submitting ideas to is 31 March 2017. By that time, the Startup Surgery team expects to receive the description of the business idea or prototype. Up to six candidates will be chosen for the three months’ mentoring and development programme.

The mentors of Startup Surgery programme will be TransferWise employees.

Estonians Taavet Hinrikus and Kristo Käärmann launched the peer-to-peer money transfer service TransferWise in London in 2011 and their firm has now grown to employ over 600 people in London, Tallinn and New York.

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Cover: Transferwise founders Taavet Hinrikus and Kristo Käärmann with Sir Richard Branson.

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