Meet six finalists in the Ecobank Fintech Challenge 2022
Ecobank Group, a private pan-African banking group, has announced the six finalists for the fifth edition of the Ecobank Fintech Challenge.
The finalists come from the Democratic Republic of the Congo, Nigeria, Senegal, South Africa and Togo, the six fintechs stood out from a highly competitive pool of over 700 applicants from 59 countries in and outside Africa.
According to the Ecobank Group, the six finalists will compete for the top prize of $50,000 at the Grand Finale, which will be held at the Ecobank Pan African Center in Lomé, Togo, on Friday 28 October 2022. Meet the finalist for the 2022 edition.
Cauri Money, Senegal
Lamine Tall is the co-founder and CEO of Cauri Money, a cashless money transfer platform that helps African migrants move money from around the world to mobile wallets in Africa. It was founded in 2021 and is based in Dakar, Senegal.
Cauri Money offers digital banking services (bank accounts with official IBANs) to 20 million Africans and 93 million migrants from other geographies living in Europe. Cauri uses a social payment approach similar to popular services such as Venmo, CashApp and Chipper Cash (Kenya), enabling free peer-to-peer payments and seamless international transfers.
DizzitUp, Togo
DizzitUp is a blockchain-powered, carbon-free distributed infrastructure to solve electricity shortages in Africa.
Founded in November 2018 by 3 senior serial entrepreneurs with African roots (Kezar Fidaly & Solofo Rafenombolatiana from Madagascar, and Cedric Nicolas from Congo), DizzitUp has developed a blockchain-based decentralized marketplace, exclusively dedicated to African sellers in Africa, powered by a USD stablecoin.
MaishaPay, Democratic Republic of Congo
MaishaPay was launched on October 4, 2012 by Landry Foxkin in the Republic of Congo. MaishaPay is a mobile application that offers solutions for financial services over the phone. Maisha is specially designed to meet the needs of more African people. The service can be used on all types of mobile phones and on all telecom networks, the fintech company aims to serve underserved merchants and consumers in developing countries.
Moni Africa, Nigeria
It was founded in 2021 by Femi Iromini and Dapo Sobayo Moni Africa. It is a community-driven digital financial platform for African SMEs and consumers that leverages the concepts of social trust and group responsibility to provide a range of financial services to those who would otherwise not have access to them.
Paycode, South Africa
Paycode is a South African fintech that combines biometric digital identity and payments in one platform. By offering these two solutions, users can access financial services that include cash payments, mobile money, money transfers, insurance, microloans, airtime, electricity and social grants.
Paycode was launched on 31 December 2014 in South Africa by Ralph Pecker.
Touch and Pay, Nigeria
Touch and Pay Technology Services Limited (TAP), is an NFC-enabled payment and financial inclusion company currently transforming the payment landscape in Nigeria by facilitating financial inclusion and ensuring 99.9 percent reliability in cashless transaction processes.
TAP was founded in 2019 by Michael Oluwole in Nigeria.
