Ecobank has announced the launch of the 2023 edition of the Ecobank Fintech Challenge which aims to contribute to the growth of Pan African Fintech success stories.
The Challenge identifies and partners with fintechs ready to scale and provides them with support and access to opportunities in Ecobank’s 35 African markets.
The selected finalists participate in the Ecobank Fintech Challenge Grand Finale. The top three winners at the Challenge will be awarded $15,000, $12,000 and $10,000 cash prizes respectively.
All finalists are inducted into the Ecobank Fintech Fellowship, which affords them the opportunity to explore deals, integration and commercial partnership with the Ecobank Group.
Benefits of participation
- As a finalist, you will be initiated as an Ecobank Fintech Fellow and will have the opportunity to explore the following opportunities:
- A once-in-a-lifetime prospect to seek integration with Ecobank and possibly launch goods in over 30 African markets served by Ecobank.
- Ecobank may select startups as local nation-level partners in any of Ecobank’s 33 country ecosystems.
- Fellows will have access to a dedicated team to assist Ecobank with API testing, allowing Ecobank to strengthen its products for the pan-African market.
- Founders will be initiated as Ecobank Fintech Fellows, gaining access to and relationships with a large network of global and African Accelerators, possible investors, and mentors.
- Opportunity to potentially combine with Ecobank’s existing digital solutions. Ecobank Omni, Ecobank electronic financial supply chain (eFSC), Ecobank Xpress, Ecobank Mobile APP or USSD, MasterPassTM QR, MVISA TM & mCash, and other digital solutions are already available.
Eligibility for participation
The fintech competition is open to all Fintechs with an Africa-focused or Africa-relevant product.
These products must address one or more of the following pain points:
- User experience
- Inclusion of funds
- Credit evaluation
- Aggregation of Ecosystems
- Internal resources
- Compensation
- Any other product categories that are relevant
How to apply
Click here to apply for Ecobank Fintech Challenge 2023. The application deadline is Wednesday, July 21, 2023
