peerTransfer awarded in one of the most prestigious business plan competitions

peerTransfer has been awarded in the MIT 100k Business Plan Competition. Selected as winner of the Web/IT track in the Executive Summary part of the competition and as one of the five best Web/IT companies in the business plan phase, peerTransfer has been recognized as a promising start-up by one of the most prestigious entrepreneurship competitions in the world.

Founder and CEO Iker Marcaide mentioned ¨It is always hard to compete with other superb high technology start-ups from other fields like energy or life sciences, but overall I think we did a very good job¨

About peerTransfer

peerTransfer is an innovative Online International Money Transfer and Payment Processing start up out of M.I.T. (Massachusetts Institute of Technology) serving individuals and businesses in their international bank account to bank account transfer and payment processing needs with a lower cost, more reliable and convenient solution than traditional banking.

About MIT 100k

The MIT 100k is the world leader among university entrepreneurship competitions. The Competition, started in 1989, has facilitated the birth of over 120 companies with aggregate exit values of $2.5 billion captured and a market cap of over $10 billion. These companies have generated over 2,500 jobs and received $700 million dollars in Venture Capital funding. Many of these companies have been extremely successful. Recent IPOs have included Akamai (AKAM), net.Genesis(NTG), and C-Bridge Internet Solutions (CBIS). Recent acquisitions include Brontes Technologies (by 3M), Direct Hit (by, Silicon Spice (by Broadcom), WebLine Communications (Cisco), and Harmonix (MTV).

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