Ecobank Group Launches 2022 Edition of its Fintech Challenge with US$50,000 Prize Money up for Grabs – African Business

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.

Ecobank Group, a pan African banking group, has launched fifth edition of the Ecobank Fintech Challenge. It encourages African Fintech entrepreneurs and investors to participate in 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.You can submit your application until September 16, 2022.

After the awards ceremony and finals, ten finalists will be inducted into Ecobank Fintech Fellowship. This will take place in October 2022.

All Fellows will be eligible to explore the following opportunities with 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 is the Operations and Technology Executive at Ecobank Group. “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 created in partnership with Konfidants, an international advisory firm. It is supported globally by partners from Africa and around the world. Since its launch in 2017, Ecobank Fintech Fellowship has seen 46 Fellows join the programme.

Visit this page for more information about the competition and its benefits, as well as how to apply. https://bit.ly/3AMixIM

Distributed by APO Group, on behalf of Ecobank.

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Christiane Bossom 
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About Ecobank Transnational Incorporated (‘ETI’ or ‘The Group’):
Ecobank Transnational Incorporated (‘ETI’) is the parent company of the Ecobank Group, the leading independent pan-African banking group. The Ecobank Group employs around 13,000 people, and serves over 32,000,000 customers in the consumer and corporate banking sectors across 33 African nations. The Group holds a French banking license and has representative offices in Addis Ababa (Ethiopia); Johannesburg, South Africa; Beijing China; London, UK, and Dubai, United Arab Emirates. The Group offers a complete range of banking products, services, and solutions, including digital. This includes bank and deposit accounts, loans and cash management, advisory, securities, wealth, and asset management. ETI is listed on the Nigerian Stock Exchange in Lagos, the Ghana Stock Exchange in Accra, and the Bourse Régionale des Valeurs Mobilières in Abidjan. Visit www.eti.com to find out more. www.Ecobank.com