The Ecobank Fintech Challenge is a pan-African innovation competition and business partnership offered by Ecobank. It aims to inspire, support, and partner with African Fintechs to expand the reach of innovative Fintech and banking-related products. The challenge identifies and partners with Fintechs that are ready to scale and provides them with support and access to opportunities in Ecobank’s 35 African markets.
Here are the details of the challenge:
Summary:
- Host: Ecobank Fintech
- Category: Competitions | Fellowships
- Eligible Countries: All African Countries
- Reward: $15,000 Cash Prize
- Deadline: July 21, 2023
Requirements:
To be considered for the challenge, you must meet the following requirements:
- All Fintechs with an Africa-focused or Africa-relevant product are eligible to apply.
- The products must address one or more specific pain points, including customer experience, financial inclusion, credit scoring, ecosystem aggregation, internal tools, payments, and any other relevant product categories.
Duration and Reward:
- Become a finalist and get inducted as an Ecobank Fintech Fellow.
- Once-in-a-lifetime opportunity to pursue integration with Ecobank and potentially launch products in Ecobank’s over 30 markets across Africa.
- The top three winners will be awarded cash prizes of $15,000, $12,000, and $10,000 respectively.
- Start-ups may be selected by Ecobank as local country-level partners in any of Ecobank’s 33 country ecosystems.
- Fellows will be given access to a dedicated team to support Ecobank’s API tests, enabling Ecobank to improve its products for the pan-African market.
- Founders will be inducted as Ecobank Fintech Fellows, granting them access to a vast network of global and African accelerators, potential investors, and mentors.
- The challenge offers opportunities for Fintechs to potentially integrate with Ecobank’s existing digital offerings, such as Ecobank Omni, eFSC (electronic financial supply chain), Ecobank Xpress, Ecobank Mobile APP or USSD, MasterPass™ QR, mVISA™ & mCash, and more.
To apply for the challenge, interested and qualified applicants should use the provided application link.
Please note that the deadline for application submission is July 21, 2023.
