Application Deadline: July 21st, 2023
The Ecobank Fintech Challenge identifies and partners Fintechs that are ready to scale and provides them with support and access to opportunities in Ecobank’s 35 African markets. The goal? To contribute to their growth as potential Pan African Fintech success stories.
Requirements
- 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.
Pain-Points:
- Customer Experience
- Financial Inclusion
- Credit Scoring
- Ecosystem aggregation
- Internal tools
- Payments
- Any other relevant product categories
Benefits
- The selected finalists participate in the Ecobank Fintech Challenge Grand Finale.
- The ultimate winner for 2023 will be awarded a cash prize of $50,000.
- 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.
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 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.
Timeline:
- Mid-June 2023 : Apply
- End of July 2023: Initial Shortlisting
- Mid August 2023: Finalists Announcement
- Late September 2023: Innovation Fair & Grand Finale
- September – December 2023: Ecobank Fintech Fellowship
- November 2023 – April 2024: Commercial Partnership Exploration
For More Information:
Visit the Official Webpage of the Ecobank Fintech Challenge 2023
