The fifth Ecobank Fintech Challenge has been announced by pan-African banking organization Ecobank Group, which invites African Fintech business owners to participate.
Fintechs that support the Bank’s strategic goals is eligible to compete for a top prize of US$50,000 in cash as well as the potential to partner with Ecobank and scale their products across the bank’s 33 African markets.
After the finals and awards event in October 2022, ten candidates will be welcomed into the Fellowship.
Additionally, all Fellows will be eligible to investigate the following possibilities 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 the bank’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.
The Fintech Challenge is backed by partners in Africa and throughout the world and was developed in collaboration with the international consultancy firm Konfidants.
Since the Ecobank Fintech Fellowship program was established in 2017, 46 Fellows have been accepted.
Companies and developers working in the field of fintech that is based in any of Africa’s 54 countries, as well as global fintech companies with an emphasis on Africa, are welcome to submit their applications for the Fintech Challenge.
Applications are accepted through September 16, 2022.
Visit the website to apply or for additional information.
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