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African Fintech Startups Encouraged To Apply For Ecobank Group $50,000 Fintech Challenge

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Aug. 25, 2022, 1:37 p.m.

Ecobank Group has launched a $50,000 fintech challenge for African fintech startups⸺its fifth edition.

The fintech challenge offers early-stage and mature fintech startups the potential to partner with Ecobank across 33 African countries.

Fintech companies and developers originating from Africa’s 54 countries and global Africa-centered Fintechs can enter the Fintech Challenge by visiting: https://bit.ly/3KnrDz2. Applications can be made until 16 September 2022.

Ten finalists will be inducted into the Ecobank Fintech Fellowship after the finals and awards ceremony, which will take place in October 2022.

In addition, all Fellows will qualify to explore the following opportunities with the Bank and its partners:

  • Multinational products roll out: an opportunity to pursue integration with Ecobank and potentially launch products in all or part of Ecobank’s pan-African 33-country ecosystem.
  • Service provider partnerships: Ecobank may select some Fintechs as pan-African service partners within the Bank’s ecosystem.
  • Access to Ecobank’s Pan-African Banking Sandbox: Fellows will be given access to Ecobank’s APIs to test and improve their products for the pan-African market.
  • Priority Access to Ecobank’s Venture Capital partners for funding exploration.

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Ade Ayeyemi, Chief Executive Officer, Ecobank Group, said, “Ecobank believes that the only way to transform financial services in Africa is for Pan-African banks like Ecobank to support and collaborate with innovative Fintechs and start-ups continually. We invite and welcome Africa’s best Fintechs to work with us through the 2022 Challenge.”

Dr. Tomisin Fashina, Operations and Technology Executive, Ecobank Group, said, “The uniqueness of the Challenge is that it welcomes both early stage and mature start-up Fintechs alike and seeks to align them with different kinds of partnership opportunities within Ecobank that match their differing levels of maturity.”

The Ecobank Fintech Challenge was designed in partnership with an international advisory firm, Konfidants, and is supported by partners across Africa and globally. So far, 46 Fellows have been admitted into the Ecobank Fintech Fellowship program since its launch in 2017.

For more information about the competition, its benefits, and how to apply, please visit https://bit.ly/3AMixIM

tag: Africa, Funding, Fintech, Startup, Ecobank,

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Verny loves to write poetry, fiction and quotes. Her love for writing landed her in journalism. She loves gadgets and travelling to explore new places.

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