The Fintech Challenge offers early stage and mature start-up companies the potential to collaborate with Ecobank(www.Ecobank.com) in 33 African countries; Applications open until 16 September.
Pan African Banking Group, Ecobank Grouphas launched the fifth edition of the Ecobank Fintech Challenge and is encouraging African Fintech entrepreneurs to enter the competition.
Fintechs that are in line with the bank’s strategic goals have a chance to win an overall cash prize USD 50,000 for the top winner and the opportunity to collaborate and scale their solutions across Ecobank’s 33 African markets.
Fintech companies and developers coming from any of Africa’s 54 countries, as well as global ones Africa-centric Fintechs, are eligible to participate in the Fintech Challenge by visiting: Applications can be made up to 16 September 2022.
Ten finalists will be inducted into the Ecobank Fintech Fellowship following the finals and award ceremony which will take place in October 2022.
In addition, all fellows will qualify to explore the following opportunities with the bank and its partners:
Multinational product roll-out: an opportunity to pursue integration with Ecobank and potentially launch products in all or part of Ecobank’s pan-African 33-country ecosystem. Service Provider Partnerships: Ecobank may select some Fintechs as pan-African service partners within the bank’s ecosystem. Access to Ecobank’s Pan-African Banking Sandbox: Fellows will gain access to Ecobank’s APIs to test and improve their products for the pan-African market. Priority access to Ecobank’s Venture Capital partners for exploration funding.
Ade Ayyemi, CEO, Ecobank Groupso “Ecobank believe that the only way to transform financial services into Africa is for pan-African banks which Ecobank to continuously support and collaborate with innovative Fintechs and start-ups. We invite and welcome Africa’s best Fintechs to work with us through the 2022 challenge.”
Dr. Tomisin FashinaOperations and technology manager, Ecobank Group said: “What is unique about the challenge is that it welcomes both early stage and mature start-up Fintechs and seeks to align them with different types of partnership opportunities within Ecobank which corresponds to their different levels of maturity.”
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.
For more information about the competition, its benefits and how to apply, please visit
Distributed by APO Group on behalf of Ecobank.
Media contact:Christiane BossomGroup Communications Manager
Email: [email protected]
Tel: +228 22 21 03 03
About Ecobank Transnational Incorporated (‘ETI’ or ‘The Group’):
Ecobank Transnational Incorporated (‘ETI’) is the parent company of Ecobank Groupthe leading independent pan-African banking group. Ecobank Group employs around 13,000 people and serves over 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; Londonit Great Britain and Dubaiit United Arab Emirates. The group offers a complete package of banking products, services and solutions – including digital – and not limited to bank and deposit accounts, loans, cash management, advisory, trading, securities, wealth and asset management. ETI is listed on Nigerian Stock Exchange in Lagosit Ghana Stock Exchange in Accraand Bourse Régionale des Valeurs Mobilières i Abidjan. For more information, visit www.Ecobank.com
© African Press Organization, source Press releases
