Fintech Challenge 2022 worth $50,000 – African markets

Ecobank Group launched the 2022 edition of the Fintech challenge with a prize of USD 50,000. Ten finalists will participate in the Ecobank Fintech Fellowship after the finals in October 2022.

The Fintech Challenge offers mature and early career startups the potential to partner with Ecobank which works and in 33 African countries. Applications are open until 16 September 2022.

The fintech challenge

Pan-African banking group Ecobank Group has launched the fifth edition of the Ecobank Fintech Challenge and is inviting African Fintech entrepreneurs to participate in the competition.

Fintech companies that align with the bank’s strategic goals have the chance to win a total cash prize worth USD 50,000 for the first winner and the opportunity to collaborate and use their solutions in Ecobank’s 33 African markets.

Fintech companies and developers originating from any of Africa’s 54 countries, as well as global, Africa-centric Fintechs are eligible to participate in the Fintech Challenge by simply visiting the challenge website, until September 16, 2022, to apply.

The 10 finalists will participate in the Ecobank Fintech Fellowship which will take place in October 2022. In addition, all fellows will qualify to explore the following opportunities with the bank and its partners:

1. Multinational Product Launch: An opportunity to seek integration with Ecobank and potentially launch products in all or part of Ecobank’s 33-country pan-African ecosystem.
2. Service Provider Partnerships: Ecobank may select certain Fintechs as pan-African service partners within the bank’s ecosystem.
3. Access to Ecobank’s Pan-African Banking Sandbox: Fellows will have access to Ecobank’s APIs to test and improve their products for the Pan-African market.
4. Priority access to Ecobank’s venture capital partners for financing exploration.

The Ecobank Fintech Challenge was developed in collaboration with the international consulting firm Konfidants and is supported by partners across Africa and globally. So far, 46 fellows have been accepted into the Ecobank Fintech Fellowship program since it was launched in 2017.

Ade Ayeyemi, CEO of Ecobank Group, said:

“Ecobank believes that the only way to transform financial services in Africa is for pan-African banks like Ecobank to continuously support and collaborate with fintechs and innovative start-ups.”

“We invite and welcome the best Fintechs in Africa to work with us on the 2022 challenge.”

The doctor. Tomisin Fashina, Operations and Technology Director of Ecobank Group, also said:

“What is unique about the challenge is that it welcomes both early stage and mature Fintech and seeks to adapt them to different types of partnership opportunities.”

“opportunities both within Ecobank and with the partners that correspond to their different levels of maturity.”

For more information about the competition, its benefits and how to apply, click HERE.

Ecobank Transnational Incorporated

Ecobank Transnational Incorporated (‘ETI’) is the parent company of Ecobank Group, the leading independent pan-African banking group. Ecobank Group employs around 13,000 people and serves more than 32 million customers in the consumer, commercial and corporate banking sectors in 33 African countries.

The group has a banking license in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, United Kingdom and Dubai, United Arab Emirates.

The Group offers a complete suite of banking products, services and solutions, including but not limited to digital bank and deposit accounts, loans, cash management, advisory, trading, securities, wealth and asset management.

ETI is listed on the Nigeria Stock Exchange in Lagos, the Ghana Stock Exchange in Accra and the Bourse Régionale des Valeurs Mobilières in Abidjan.

Conclusion

This is another great opportunity for new entrepreneurs and not only revealed by African Markets, like many others that we have already revealed here.

Thanks to us, several people have already obtained scholarships and participated in competitions, where they have made many contacts and even been successful. Don’t miss this opportunity.

I remind you that to get more information about the competition, about its benefits and how to register, to take advantage of this great opportunity, click HERE.

What do you think about this opportunity provided by Ecobank? Do you have a Fintech that could win the challenge? We want to know your opinion, do not hesitate to comment and if you liked the article, share and give a “like”.

See also:

Ecobank USD 20 million for SMEs

Picture: © 2022 Francisco Lopes-Santos

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