NewsEcobank Fintech Challenge 2020 for African Tech Innovators and...

Ecobank Fintech Challenge 2020 for African Tech Innovators and Entrepreneurs (22,000 USD in cash prizes)

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Ecobank Fintech Challenge 2020 for African Tech Innovators and Entrepreneurs (22,000 USD in cash prizes)

Application Deadline: April 12th 2020

The Ecobank Fintech Challenge identifies and partners Fintechs that are ready to scale and provides them with support and access to Ecobank’s 33 African markets so they can grow to become true Pan African Fintech success stories.

The Challenge is open to all Fintechs on the African continent. Interested Fintechs can apply by sending details of their product as well as a demo here. These products must address one or more of a specific set of pain points which can be found here.

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The selected finalists participate in the Ecobank Fintech Innovation Fair, with the top 3 finalists winning cash prizes. All finalists are inducted into the Ecobank Fintech Fellowship, which affords them the opportunity to explore deals, integration and commercial partnership with the Ecobank Group.

Benefits

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Become a finalist; get inducted as an Ecobank Fintech Fellow and stand a chance to explore the following opportunities:

Multinational Product Roll Out

Once in a lifetime opportunity to pursue integration with Ecobank and potentially launch products in Ecobank’s over 30 markets across Africa.

Competition Cash Prizes

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The top three winners at the Challenge will be awarded $10,000, $7000, and $5000 cash prizes respectively.

Service Provider Partnerships

Start-ups may be selected by Ecobank as local country-level partner in any of Ecobank’s 33 country 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.

Mentoring And Networking Support

Founders will be inducted as Ecobank Fintech Fellows, granting them access to networking and mentoring opportunities within the Ecobank Group and its vast network of global and African partners.

Integration With Existing Ecobank Digital Offerings

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. You can learn more about these platforms HERE. We’d like applicants to pitch us how their solutions can add value to these existing Ecobank digital offerings.

For More Information:

Visit the Official Webpage of the Ecobank Fintech Challenge 2020

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