Applications are now open for interested candidates and intellectuals to apply for the position. Ecobank Fintech Challenge 2023The challenge is open to all Fintech companies on the African continent.
The selected finalists participate in the Ecobank Fintech Challenge Grand Final. The ultimate winner of 2023 will receive a cash prize of US$$ 50,000. All finalists are inducted into the Ecobank Fintech Fellowship, which gives them the opportunity to explore business, integration, and commercial partnership with the Ecobank Group.
Company/Organization(s): Ecobank
Program locationAcross the entire African continent
Program Duration: 1 Month or more
Available slot: Various
Basic QualificationsGraduates
NationalityAfrican Nationalities
Ecobank Fintech Challenge (Cash prize of US$$ 50,000) | What to expect
The Ecobank Fintech Challenge identifies and partners with Fintechs that are ready to scale and provides them with support and access to opportunities across Ecobank's 35 African markets. The goal is to contribute to their growth as potential Pan-African Fintech success stories.
The Challenge is open to all Fintechs on the African continent. Interested fintechs can apply by submitting details of their product, as well as a demo here (Insert link to apply). These products must address one or more of a specific set of pain points that may be found here.
Eligibility Criteria
To be eligible for the Ecobank Fintech Challenge 2023, candidates must meet the following conditions:
- Candidates must be from the African continent.
- Send us your product details, along with a demonstration.
- Your solution should address one or more of the following problem areas:
- Customer Experience
- Financial Inclusion
- Credit Score
- Ecosystem Aggregation
- Internal Tools
- Payments
- Any other relevant product categories
Program Benefits and Opportunities
Ecobank Fintech scholarship recipients will have the chance to obtain the following benefits and opportunities:
- Launching multinational productsA once-in-a-lifetime opportunity to pursue integration with Ecobank and potentially launch products in Ecobank's more than 30 markets across Africa.
- Competition Cash Prize
The winner of the Challenge will be awarded a $50,000 no-strings-attached cash prize.
- Service provider partnerships
Start-ups may be selected by Ecobank as local country-level partner in any of Ecobank's 33 country ecosystem.
- Access to Ecobank's Pan-African Banking Sandbox
Fellows will be given access to a dedicated team to support Ecobank's API tests, to enable Ecobank 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, 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. You can learn more about these platforms here. We will like applicants to pitch us how their solutions can add value to these existing Ecobank digital offerings.
Application procedures
How to enrol: To participate in the Ecobank Fintech Challenge 2023, interested and eligible fintechs can register. hereFor more information about the challenge, visit Ecobank Fintech Challenge.
Application deadline: July 21, 2023
