Details
Applications are open for Ecobank Fintech Challenge 2021 for African Startups. The Ecobank Fintech Challenge identifies and partners Fintechs that are ready to scale and provides them with support and access to Ecobank’s 33 African markets so they can grow to become true Pan African Fintech success stories.
The program will provide an opportunity for selected finalists to participate in the Ecobank Fintech Innovation Fair, with the top 3 finalists winning cash prizes. In addition to that, 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.
Eligibilities
The Ecobank Fintech 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. Moreover, the product or model must address one of the following features
- Customer Experience
- Credit Scoring
- Ecosystem Aggregation
- Internal Tools
- Payments
- Any Other Relevant Product Categories
Benefits
- The top three winners at the Challenge will receive a cash prize of $10,000, $7000, and $5000 cash prizes respectively.
- Once in a lifetime opportunity to pursue integration with Ecobank and potentially launch products in Ecobank’s over 30 markets across Africa.
- Ecobank might select startups as a local country-level partner in any of Ecobank’s 33 country ecosystems.
- Fellows will also have access to Ecobank’s APIs to test and improve their products for the pan-African market.
- Mentoring And Networking Support as founders will be inducted as Ecobank Fintech Fellows, granting them access to networking and mentoring opportunities within the Ecobank Group as well as its vast network of global and African partners.
- The Challenge also offers opportunities for Fintechs to potentially integrate with Ecobank’s existing digital offerings.
- Furthermore, the existing digital offerings include Ecobank Omni, Ecobank electronic financial supply chain(eFSC), Ecobank Xpress, Ecobank Mobile APP or USSD, MasterPas QR, mVISA & mCash, etc.
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