ecobank-fintech-challenge

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

Application Deadline: 20th September 2021

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 33 African markets. The goal? To contribute to their growth as potential Pan African Fintech success stories.

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.

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. You can learn more about these platforms HERE. We’d like applicants to pitch us how their solutions can add value to these existing Ecobank digital offering

For More Information:

Visit the Official Webpage of the Ecobank Fintech Challenge 2021