Ecobank Announces $37,000 Fintech Prize

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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 countries African markets. The goal is 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 include: Customer Experience, Financial Inclusion, Credit Scoring, Ecosystem Aggregation, Internal Tools, Payments, or any other solution that will revolutionize banking and payments in Africa.

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.

This is the fourth in the series of the fintech challenge. Nokwary, a Ghanian Fintech business, Ukheshe and Growth Factor won the 2020 Fintech challenge claiming the three top prizes on offer. All 10 finalists were officially inducted into the Ecobank Fintech Fellowship programme to explore commercial partnerships with the pan-African banking giant.

The deadline for submission is September 20, 2021.

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