Ecobank Group, a private pan-African banking group, has announced the six finalists for the fifth edition of the Ecobank Fintech Challenge.
The finalists come from the Democratic Republic of Congo,
Nigeria, Senegal, South Africa, and Togo, the six fintech stood out from a
highly competitive pool of over 700 applicants from 59 countries in and outside
Africa.
According to the Ecobank group, the six finalists will
compete for the top price of $50,000 at the Grand Finale, which is being held
at the Ecobank Pan African Centre in Lomé, Togo, on Friday 28 October 2022.
Meet the finalist for the 2022 edition.
Cauri Money, Senegal
Lamine Tall is the Co-Founder and CEO of Cauri Money a
cashless remittance platform helping African migrants move money from around
the world into mobile wallets in Africa. It was founded in 2021 and is based in
Dakar, Senegal.
Cauri Money provides digital banking services (bank accounts
with official IBANs) to 20 million Africans and 93 million migrants from other
geographies living in Europe. Cauri takes a social payment approach similar to
popular services like Venmo, CashApp, and Chipper Cash (Kenya) enabling free
peer-to-peer payments and seamless international remittances.
DizzitUp, Togo
DizzitUp is a blockchain-powered, carbon-free distributed
utility infrastructure for solving electricity scarcity in Africa.
Founded on November 2018 by 3 senior serial entrepreneurs
with African roots (Kezar Fidaly & Solofo Rafenombolatiana from Madagascar,
and Cedric Nicolas from Congo), DizzitUp has been developing a blockchain-based
decentralised marketplace, exclusively dedicated to African Merchants in
Africa, powered by a USD stablecoin.
MaishaPay, Democratic Republic of Congo
MaishaPay was launched on October 4 2012 by Landry Foxkin in
the Republic of Congo. MaishaPay is a mobile application offering financial
services solutions via phone. Maisha is specially designed to meet the needs of
more African people. The service can be used on any type of mobile phone and on
all telecom networks, the fintech company aims to serve underserved merchants
and consumers in developing countries.
Moni Africa, Nigeria
It was founded in 2021 by Femi Iromini and Dapo Sobayo Moni
Africa. It is a community-powered digital finance platform for African SMEs and
consumers that leverages the concepts of social trust and group responsibility
to offer a range of financial services to those who otherwise would not be able
to access them.
Paycode, South Africa
Paycode is a South African fintech that combines biometric
digital identity and payments in one platform. By offering these two solutions,
users are able to access financial services that include cash pay-outs, mobile
money, remittances, insurance, micro-loans, airtime, electricity, and social
grants.
Paycode was launched on December 31, 2014, in South Africa
by Ralph Pecker.
Touch and Pay, Nigeria
Touch and Pay Technology Services Limited (TAP), is an
NFC-powered payment and financial inclusion firm currently transforming the
payment landscape in Nigeria by facilitating financial inclusion and ensuring
99.9 percent reliability in cashless transaction processes.
TAP was founded in 2019 by Michael Oluwole in Nigeria.
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