Fintech Challenge offers early stage and mature start-ups the potential to partner with Ecobank (www.Ecobank.com) across 33 African countries; Applications open until 16 September.
Pan-African banking group, Ecobank Group, has launched the
fifth edition of the Ecobank Fintech Challenge and encourages African Fintech
entrepreneurs to enter the competition.
Fintechs that are aligned with the Bank’s strategic
objectives stand a chance to win an overall cash prize of US$50,000 for the top
winner and the opportunity to partner and scale their solutions across
Ecobank’s 33 African markets.
Fintech companies and developers originating from any of
Africa’s 54 countries, as well as global Africa-centered Fintechs, are eligible
to enter the Fintech Challenge by visiting: https://bit.ly/3KnrDz2.
Applications can be made until the 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 continually support and collaborate
with innovative Fintechs and start-ups. 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 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 programme since it was launched in 2017.
For more information about the competition, its benefits and
how to apply, please visit https://bit.ly/3AMixIM
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