Calling all African graduates aspiring to make their mark in the fintech industry! Look no further than the Ecobank Fintech Challenge Grand Finale.
The ultimate winner of the 2023 edition will receive a prestigious cash prize of $50,000. Additionally, all finalists will be inducted into the highly esteemed Ecobank Fintech Fellowship, providing exclusive opportunities to explore deals, integration, and commercial partnerships with the renowned Ecobank Group.
Program Location: Across the African Continent
Program Duration: One Month and Above
Available Slot: Several
Basic Qualifications: Graduates
Nationality: African Nationalities
Ecobank Fintech Challenge ($50,000 Cash Prize) | What to Expect
The Ecobank Fintech Challenge identifies and collaborates with fintech companies ready to scale, providing them with support and access to opportunities in Ecobank’s 35 African markets. The goal is to contribute to their growth as potential success stories in the Pan African Fintech landscape.
The Challenge is open to all fintechs operating on the African continent. Fintechs interested in participating can apply by submitting details of their product and a demo through the provided application link. These products must address one or more of the specific pain points outlined in the challenge guidelines.
To be eligible for the Ecobank Fintech Challenge 2023, applicants must meet the following conditions:
- African Nationality: Applicants must be from the African continent.
- Product Details: Interested fintechs should send in details of their product, along with a demo.
- Addressing Pain Points: Your fintech solution should address one or more of the following pain points:
- Customer Experience
- Financial Inclusion
- Credit Scoring
- Ecosystem Aggregation
- Internal Tools
- Any other relevant product categories
Program Benefits & Opportunities:
By participating in the Ecobank Fintech Challenge 2023, you can unlock a host of benefits and opportunities that can propel your fintech to new heights:
- Multinational Product Rollout:
Get ready for an extraordinary opportunity to pursue integration with Ecobank, enabling you to potentially launch your products in over 30 markets across Africa.
- Competition Cash Prize:
The ultimate winner of the challenge will be awarded a remarkable $50,000 cash prize with no strings attached.
- Service Provider Partnerships:
Selected start-ups may have the chance to become local country-level partners in any of Ecobank’s 33 country ecosystems.
- Access to Ecobank’s Pan-African Banking Sandbox:
As a fellow, you’ll gain access to a dedicated team that supports Ecobank’s API tests, allowing them to improve their products for the pan-African market.
- Partner Network Access:
As an Ecobank Fintech Fellow, you’ll have exclusive access to a vast network of global and African Accelerators, potential Investors, as well as mentors.
- Integration with Existing Ecobank Digital Offerings:
The challenge presents an exciting opportunity for fintechs to integrate with Ecobank’s existing digital offerings, such as Ecobank Omni, Ecobank electronic financial supply chain (eFSC), Ecobank Xpress, Ecobank Mobile APP or USSD, MasterPass™ QR, mVISA™ & mCash, etc. Pitch us how your solutions can add value to these platforms!
Conclusion: Don’t miss out on the opportunity to be part of the Ecobank Fintech Challenge 2023, where you can showcase your fintech prowess and gain access to invaluable support and opportunities. Join us on this exciting journey and let Ecobank help you scale your fintech business in Africa. Apply now and get ready to transform the financial landscape with your
Application Deadline: July 21, 2023