Participating fintech startups will compete for a combined $200,000 in prize money and two weeks immersion with BBVA.

Spain-based financial services group BBVA launched its eighth Open Talent competition on Tuesday, with a combined $180,000 ($200,000) to go to six fintech entrepreneurs.

The competition is open to early-stage startups around the world with less than €2.5m of existing backing and €1.5m of annual revenue. Regional finals will take place in Mexico, New York and London, from which six winners will be chosen.

Each winner will receive €30,000 and two non-consecutive weeks’ immersion with BBVA in Madrid and Mexico…