Deadline: 20-Sep-21
Yes, applications are open for the Ecobank Fintech Challenge to identify and partner Fintechs that are ready to scale and provide them with support and access to opportunities in Ecobank’s 33 African markets.
The Challenge is open to all Fintechs on the African continent. Interested Fintechs can apply by sending details of their product as well as a demo here. These products must address one or more of a specific set of pain points which can be found here.
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.
Ecobank Fintech Challenge is a pan-African innovation competition and business partnership offering by Ecobank. It is designed to inspire, support and partner African Fintechs, with an aim to expand the reach of innovative Fintech and banking related products.
Benefits
Become a finalist; get inducted as an Ecobank Fintech Fellow and stand a chance to explore the following 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 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 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. They’d like applicants to pitch them how their solutions can add value to these existing Ecobank digital offerings.
Eligibility Criteria
All Fintechs with an Africa-Focused or Africa relevant product are eligible to apply to the fintech challenge
For more information, visit https://ecobankfintechchallenge.com/