Win a $10,000 business acceleration grant from Airwallex

Need a little extra fuel in the tank to power your startup’s growth? Global payments fintech Airwallex is giving founders the chance to win a $10,000 acceleration grant.

The Melbourne-born unicorn is celebrating its recently announced partnership with Formula 1 racing team McLaren with a new competition to help businesses fast-track their growth.

Airwallex is giving away more than $30,000 in cash and prizes to mark the McLaren partnership and the homecoming of Aussie young-gun driver Oscar Piastri to Melbourne for the Formula 1 Grand Prix in March.

It’s welcome news for startups looking for a funding boost, whether it’s to ramp up marketing efforts or scale up operations while on the road to world domination. Businesses of all sizes are being invited to enter for a chance to win a $10,000 business acceleration grant and a range of exclusive experiences and Airwallex x McLaren Formula 1 Team merchandise.

How to enter the competition

Aimed at helping startups looking to scale and make their global ambitions a reality, the competition is easy to enter. All you have to do is share how you want to accelerate your financial processes in 2024 at Airwallex’s competition page here. Competition entries are open until March 20.

Airwallex General Manager Luke Latham shared a few tips for those keen to enter.

“We’re looking for Australian small businesses with big ambitions. Both in business and on the racing track, you need to operate with speed, precision and determination. We want to celebrate that grit, and reward those who have a bold vision and a growth mindset,” he told Startup Daily.

“At Airwallex, we believe that accelerating your financial processes can send your growth into hyperdrive – so entries that creatively express how financial operations align with the entrant’s business’ values and aspirations will definitely have a competitive advantage.

“We know that for emerging businesses, a $10K cash boost can be game-changing to their growth trajectory. The winner will be able to use the funds as they see fit to accelerate their expansion, but we would love to see the money go towards innovating their business processes or fuelling strategic developments in their products or services to help them stand out in a global market.

“When they’re ready to share the results of their investments, Airwallex’s powerful financial infrastructure can help deliver them to the world.”

Prizes up for grabs include:

A $10,000 grant to accelerate your business and make your global ambition a reality
1 of 50 tickets to the exclusive pre-race Homecoming Party for Oscar Piastri in Melbourne
A standard sized Oscar Piastri replica helmet, signed by the driver himself
Airwallex x McLaren Formula 1 Team backpacks, thermal bottles, and caps

Why Airwallex and McLaren?

Airwallex, which services more than 100,000 businesses globally, is powering McLaren’s financial operations through its treasury management and cross-border pay-outs and settlement product suite. The F1 team will use Airwallex to optimise its supply chain payments for all future Grands Prix.

The payments infrastructure will unlock multi-currency payment options for McLaren’s global racing enterprise, giving them the ability to hold core currencies and exchange them with speed and ease while reducing the amount of SWIFT fees payable.

“Like McLaren, Airwallex is constantly innovating to move faster and with greater precision – with a product that unites people around the world,” said Jack Zhang, Airwallex’s CEO and co-founder.

The Airwallex payments platform helps businesses both large and small avoid costly international conversion and transaction fees with their Global Accounts.

Enter the competition here for your chance to take pole position in the race to the front of the global pack. Competition ends March 20, 2024.

This article is brought to you by Startup Daily in partnership with Airwallex.