Ecobank Group has launched the 5th edition of its fintech challenge targeted at early-stage and mature startups building innovative solutions for the fintech sector.
The goal is to contribute to the growth of these innovators, with scalable ideas and receptive to support and opportunities which would help their growth.
Designed in partnership with international advisory firm, Konfidants, Ecobank Fintech Challenge 2022 is supported by partners across Africa and globally.
Benefits
The winner of the Ecobank Fintech Challenge 2022 will receive a cash prize of $50,000, as well as an opportunity to partner and scale their solutions across Ecobank’s 33 African markets.
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
Eligibility
The challenge is designed for fintech companies and developers originating from any of Africa’s 54 countries, as well as global Africa-centered Fintechs.
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 continually support and collaborate with innovative Fintechs and start-ups. We invite and welcome Africa’s best Fintechs to work with us through the 2022 Challenge.”
Dr. Tomisin Fashina, Operations and Technology Executive, Ecobank Groupalso commented: “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.”
How to apply
Apply to scale your innovative solution before the deadline on Friday, September 16, 2022.
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