Ecobank is providing a pan-African innovation challenge and business collaboration opportunity called the Ecobank Fintech Challenge. In an attempt to increase the market for cutting-edge financial technology and banking-related goods, it is designed to inspire, support, and collaborate with African financial technology businesses.
Through the Ecobank Fintech Challenge, which provides assistance and access to opportunities throughout Ecobank’s 33 African markets, Fintechs who are prepared to grow are chosen and partnered with. The objective is to help them grow into potential Pan African Fintech success stories.
Eligibility for the Ecobank Fintech Challenge
The fintech challenge is open to any fintechs with products that are focused on or related to Africa.
A particular collection of pain locations must be addressed by one or more of these products:
customer encounter
financial participation
Credit evaluation
Total Ecosystem Analysis
internal resources
Payments
Additional pertinent product categories
Benefits of the Ecobank Fintech Challenge
Make it to the final round, accept your place as an Ecobank Fintech Fellow, and you may have the opportunity to investigate the following possibilities:
A once-in-a-lifetime chance to seek integration with Ecobank and maybe introduce products in the over 30 African markets that Ecobank serves.
A $50,000 cash reward will be given to the winner at the end.
In any of Ecobank’s 33 nation ecosystems, startups may be chosen as local country-level partners.
Fellows will get access to a specialized team that will assist them in testing the Ecobank’s APIs so they can enhance their products for the pan-African market.
The Ecobank Fintech Fellows program will provide founders access to a large network of international and African accelerators, possible investors, and mentors.
Fintechs have the chance to possibly connect with Ecobank’s current digital solutions via the Challenge. The current digital services offered by Ecobank include Ecobank Omni, Ecobank eFSC, Ecobank Xpress, Ecobank Mobile APP or USSD, MasterPassTM QR, mVISATM & mCash, among others. They want candidates to explain how their products might enhance the current Ecobank digital services.
The Ecobank Fintech Challenge Entry Process
You may compete with more than one fintech product. However, every product you use to apply must be unique. Two goods should not be submitted on the same application. Applications for each of your items must be submitted separately.