Ecobank Fintech Challenge 2023 is a pan-African innovation competition and business cooperation program with the purpose of extending the reach of cutting-edge Fintech and banking-related products. It is created to inspire, support, and partner African Fintechs.
Through the Ecobank Fintech Challenge, Fintechs who are prepared to scale are found, partnered with, and given access to opportunities throughout Ecobank’s 35 African markets. The objective is to support their development as possible Pan African Fintech success stories.
Eligibility
All Fintechs with an Africa-Focused or Africa relevant product are eligible to apply to the fintech challenge.
These products must address one or more of a specific set of pain points:
Customer experience
Financial inclusion
Credit scoring
Ecosystem Aggregation
Internal tools
Payments
Any other relevant product categories
Benefits
Become a finalist; get inducted as an Ecobank Fintech Fellow and stand a chance to explore the following opportunities:
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 at the Challenge will be awarded $15,000, $12,000 and $10,000 cash prizes respectively.
Start-ups may be selected by Ecobank as local country-level partner in any of Ecobank’s 33 country ecosystem.
Fellows will be given access to a dedicated team to support Ecobank’s API tests, to enable Ecobank improve their products for the pan-African market.
Founders will be inducted as Ecobank Fintech Fellows, granting them access and relationships to a vast network of global and African Accelerators, potential Investors, as well as mentors.
The Challenge offers opportunities for Fintechs to potentially integrate with Ecobank’s existing digital offerings. The existing digital offerings include Ecobank Omni, Ecobank electronic financial supply chain(eFSC), Ecobank Xpress, Ecobank Mobile APP or USSD, MasterPass™ QR, mVISA™ & mCash, etc.
The application deadline is July 21, 2023, 23:59:59 UTC
