Ecobank has put up US$15, 000 up for grabs in a Fintech challenge for African Startups and entrepreneurs.
The challenge is open to all Fintechs on the African continent and should have Africa-Focused or Africa relevant products. Application is open till 11pm of 20 September 2021. Click here to access the Application form
About the Challenge:
The Ecobank Fintech Challenge identifies and partners Fintechs that are ready to scale and provides them with support and access to opportunities in Ecobank’s 33 African markets. The goal? To contribute to their growth as potential Pan African Fintech success stories.
The Challenge is open to all Fintechs on the African continent. The selected finalists participate in the Ecobank Fintech Innovation Fair, with the top 3 finalists winning cash prizes. All finalists are inducted into the Ecobank Fintech Fellowship, which affords them the opportunity to explore deals, integration and commercial partnership with the Ecobank Group.
Benefits and Opportunities:
- Multinational Product Roll Out: Once in a lifetime opportunity to pursue integration with Ecobank and potentially launch products in Ecobank’s over 30 markets across Africa.
- Competition Cash Prizes: The top three winners at the Challenge will be awarded $15,000, $12,000 and $10,000 cash prizes respectively.
- Service Provider Partnerships: Start-ups may be selected by Ecobank as a local country-level partner in any of Ecobank’s 33 country ecosystems.
- Access To Ecobank’s Pan-African Banking Sandbox: Fellows will be given access to a dedicated team to support on the Ecobank’s APIs test to enable them improve their products for the pan-African market.
- Access To Partner Network: Founders will be inducted as Ecobank Fintech Fellows, granting them access and relationships to a vast network of global and African Accelerators and potential Investors as well as mentors.
- Integration With Existing Ecobank Digital Offerings: The Challenge offers opportunities for Fintechs to potentially integrate with Ecobank’s existing digital offerings. The existing digital offerings include Ecobank Omni, Ecobank electronic financial supply chain(eFSC), Ecobank Xpress, Ecobank Mobile APP or USSD, MasterPass™ QR, mVISA™ & mCash, etc.
Other Opportunities to Apply
Also Apply for the Strategic-Technical Support Program – Capacity Building for NGOs and CBOs