The Ecobank Fintech Challenge is looking for programmers and entrepreneurs with creative financial technology concepts to collaborate with them on developing Africa's next major fintech solution. Technopreneurs that successfully pitch the most intriguing and workable innovations might win up to $500,000.
Through the Ecobank Fintech Challenge, Fintechs who are prepared to scale are found, partnered with, and given access to possibilities throughout Ecobank's 33 African markets. The aim? to support their development as possible Pan African Fintech success stories.
All African Fintech companies are eligible to participate in the challenge. Fintechs who are interested in applying can do so by sending a demo and information about their product here. One or more of the exact set of pain sites listed below must be addressed by one or more of these goods.
The top three finalists receive cash prizes when they compete in the Ecobank Fintech Innovation Fair. All winners are accepted into the Ecobank Fintech Fellowship, which gives them the chance to investigate business opportunities, integration, and partnerships with the Ecobank Group.
Applications from teams should address one or more of the following problems:
- customer satisfaction
- Economic Inclusion
- Rating Credit
- Total Ecosystem Analysis
- Internal Resources
- Payments
- Any further pertinent product categories?
Information about Ecobank Fintech
Goal and Advantages of the EcoBank Fintech Challenge
- Multinational Product Roll Out: A once-in-a-lifetime chance to seek integration with Ecobank and maybe introduce products in the more than 30 markets that Ecobank serves throughout Africa.
- Competition Cash Prizes: A $50,000 cash reward will be given to the competition's overall winner.
- Service Provider Partnerships: In any of Ecobank's 33 nation ecosystems, startups may be chosen as local country-level partners.
- Access To Ecobank's Pan-African Banking Sandbox: Fellows will get access to a team that is committed to helping them test Ecobank's APIs and improve their solutions for the continent-wide market.
- Access To Partner Network: By becoming Ecobank Fintech Fellows, founders will get access to a large network of African and international accelerators, possible investors, and mentors.
- The Ecobank Fintech Challenge presents chances for Fintechs to possibly interact with Ecobank's current digital capabilities. 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. CLICK HERE for more information on these platforms. We want candidates to explain to us how their solutions can enhance the current Ecobank digital offerings.
Qualification and Requirements for the EcoBank Fintech Challenge
- The EcoBank Fintech Challenge is open to all African firms and tech entrepreneurs. They must select one of the many areas of interest mentioned on the website and create a prototype demo; candidates without a prototype demo will be dismissed.
- Both teams and lone participants may take part in the Challenge.
- Teams may submit answers to many challenges, but each challenge may only have one response (or "Entry").
- Participation in more than one team is prohibited. After applying, you cannot change teams. Ecobank will pay for up to two members of each team's travel and lodging expenses.
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