Ecobank Group has launched a $50,000 fintech challenge for African fintech startups⸺its fifth edition.
The
fintech challenge offers early-stage and mature fintech startups the potential
to partner with Ecobank across 33 African countries.
Fintech
companies and developers originating from Africa’s 54 countries and global
Africa-centered Fintechs can enter the Fintech Challenge by visiting: https://bit.ly/3KnrDz2. Applications
can be made until 16 September 2022.
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.
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 support and collaborate with
innovative Fintechs and start-ups continually. We invite and welcome Africa’s
best Fintechs to work with us through the 2022 Challenge.”
Dr. Tomisin
Fashina, Operations and Technology Executive, Ecobank Group, said, “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.”
The Ecobank
Fintech Challenge was designed in partnership with an international advisory
firm, Konfidants, and is supported by partners across Africa and globally. So
far, 46 Fellows have been admitted into the Ecobank Fintech Fellowship program
since its launch in 2017.
For
more information about the competition, its benefits, and how to apply, please
visit https://bit.ly/3AMixIM
Source: digitaltimes.africa