Ecobank Group launched the 2022 edition of the Fintech challenge with a prize of US$50.000. Ten finalists will participate in the Ecobank Fintech Fellowship after the finals in October 2022.
The Fintech Challenge offers mature and early-career startups the potential to partner with Ecobank that works and in 33 African countries. Applications are open until September 16, 2022.
The Fintech Challenge
Pan-African banking group Ecobank Group has launched the fifth edition of the Ecobank Fintech Challenge and encourages African Fintech entrepreneurs to participate in the competition.
Fintech companies that are aligned with the Bank’s strategic objectives have the chance to win a total cash prize worth US$50.000 for the first winner and the opportunity to partner and use their solutions in Ecobank’s 33 African markets .
Fintech companies and developers originating from any of Africa’s 54 countries, as well as global, Africa-centric Fintechs are eligible to participate in the Fintech Challenge by simply visiting the challenge website, until September 16, 2022, to apply.
The 10 finalists will participate in the Ecobank Fintech Fellowship that will take place in October 2022. In addition, all fellows will qualify to explore the following opportunities with the Bank and its partners:
- Multinational Product Launch: An opportunity to seek integration with Ecobank and potentially launch products in all or part of Ecobank’s 33-country pan-African ecosystem.
- Service Provider Partnerships: Ecobank may select certain Fintechs as pan-African service partners within the Bank’s ecosystem.
- Access to Ecobank’s Pan-African Banking Sandbox: Fellows will have 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.
The Ecobank Fintech Challenge was designed in partnership with international consulting firm Konfidants and is supported by partners across Africa and globally. So far, 46 fellows have been admitted to the Ecobank Fintech Fellowship program since it was launched in 2017.
Ade Ayeyemi, the CEO of 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 fintechs and innovative start-ups.”
“We invite and welcome the best Fintechs in Africa to work with us on the 2022 Challenge”.
The Doctor. Tomisin Fashina, Operations and Technology Executive at Ecobank Group, also said:
“The uniqueness of the Challenge is that it welcomes both early-stage and mature Fintech and seeks to align them with different types of partnership opportunities.”
“opportunities both within Ecobank and within its partners that correspond to their different levels of maturity”.
For more information about the contest, its benefits and how you can apply, click HERE.
Ecobank Transnational Incorporated
Ecobank Transnational Incorporated (‘ETI’) is the parent company of Ecobank Group, the leading independent pan-African banking group. The Ecobank Group employs around 13.000 people and serves more than 32 million customers in the consumer, commercial and corporate banking sectors in 33 African countries.
The Group has a banking license in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, UK and Dubai, United Arab Emirates.
The Group offers a complete suite of banking products, services and solutions, including digital, but not limited to, bank and deposit accounts, loans, cash management, consulting, trading, securities, wealth and asset management.
ETI appears on the Nigeria Stock Exchange in Lagos, the Ghana Stock Exchange in Accra, and the Bourse Régionale des Valeurs Mobilières in Abidjan.
This is another great opportunity for new entrepreneurs and not only, disclosed by African Markets, like many others that we have already disclosed here.
Thanks to us, several people have already acquired grants and participated in competitions, where they have obtained many contacts and even have been successful. Don’t miss this opportunity.
I remind you that to get more information about the contest, about its benefits and how you can register, to take advantage of this great opportunity, you have to click HERE.
What do you think of this opportunity given by Ecobank? Do you have any Fintech that could win the challenge? We want to know your opinion, do not hesitate to comment and if you liked the article, share and give a “like/like”.
Picture: © 2022 Francisco Lopes-Santos