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Home ยป Ecobank Group to Unveil Top Finalists for the 2024 Fintech Challenge

Ecobank Group to Unveil Top Finalists for the 2024 Fintech Challenge

Staff Writer by Staff Writer
August 12, 2024
in Fintech
0
Ecobank Fintech Challenge by Djiba Diallo
Djiba Diallo, senior fintech advisor, Ecobank Transnational Incorporated (ETI)

Djiba Diallo, senior fintech advisor, Ecobank Transnational Incorporated (ETI)

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Ecobank will unveil its first-ever Fintech Challenge semifinal event will be held in Lagos, Techeconomy can report.

Scheduled for Wednesday, August 14, the hybrid event will take place at the Ecobank Pan African Centre (EPAC) Lagos.

The 2024 โ€œEcobank Fintech Challenge had over 1,550 applications from 70 countries from which only 40 semi-finalists were shortlisted.

After reviewing their applications, a jury has selected the top finalists who will be announced at the semi-final event.

They will compete in the Grand Finale for a $50,000 prize and a spot in the Ecobank Fintech Fellowship program which would provide a major boost for their innovations.

Ecobank Fintech Fellows have access to numerous opportunities through collaborations with Ecobank and its partners, potentially including an opportunity to integrate their solutions with Ecobank, opening doors to potential product launches within Ecobankโ€™s expansive 35-country Pan-African network.

Selected fintechs may become Pan-African service partners within the Bankโ€™s ecosystem. Fellows receive exclusive access to Ecobankโ€™s cutting-edge APIs, enabling them to test and develop their products for the Pan-African market, and they also have priority access to Ecobankโ€™s Venture Capital partners for funding exploration.

Djiba Diallo, senior fintech advisor, Ecobank Transnational Incorporated (ETI) remarked:

โ€œI am impressed by the quality of this yearโ€™s applications. I recognize the African talents and innovations. I also congratulate the semi-finalists and look forward to an interesting semi-final event in Lagos, Nigeria where we will announce the top finalists.โ€

Bolaji Lawal, managing director/regional executive of Ecobank Nigeria said he is glad that Nigerian affiliate was hosting the semi-finals, announcing an inspiring and thought-provoking panel of discussion with the Nigerian fintech community as a prelude to the hybrid event.

Insurance Meets Tech: Jubril Mobolaji Lawal, Managing Director, Ecobank
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Jubril Mobolaji Lawal, managing director/regional executive , Ecobank

According to him,

“Hosting this year’s Fintech Challenge semifinal is a great honour for us. We are thrilled to welcome prominent fintech players from across the continent and are particularly proud of the strong participation from Nigerian fintechs. Their efforts contribute to Africaโ€™s financial integration and economic growth. We invite Nigerian fintechs to take advantage of the panel discussions, while also using the opportunity to network and explore partnership opportunities that will support their growthโ€.

The Ecobank Fintech Challenge, designed in partnership with international advisory firm Konfidants, is supported by a range of partners including Huawei, Proparco, TechCabal, BlueSpace, Afrilabs, Africa Fintech Network, MEST Africa, Naija Startups, Expand in Africa, and Founders Africa.

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