Applications are currently invited from interested and intellectual candidates to apply for Ecobank Fintech Challenge 2023. The Challenge is open to all Fintechs on the African continent.
The selected finalists will 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.
What to Expect
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.
Eligibility Criteria
To be eligible for Ecobank Fintech Challenge 2023, applicants are expected to meet the following conditions:
- Applicants must come from African continent.
- Send in details of your product, along with a demo.
- Your solution should address one or more of the following pain-points:
- Customer Experience
- Financial Inclusion
- Credit Scoring
- Ecosystem Aggregation
- Internal Tools
- Payments
- Any other relevant product categories
- Program Benefits & Opportunities
Ecobank Fintech Fellow will stand a chance to gain the following benefits and opportunities:
- Multinational product rolloutA once-in-a-lifetime opportunity to pursue integration with Ecobank and potentially launch products in Ecobank’s over 30 markets across Africa.
- Competition Cash prize – the winner of the Challenge will be awarded a $50,000 no-strings-attached cash prize.
- 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.
- 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 will like applicants to pitch us how their solutions can add value to these existing Ecobank digital offerings.
Application Procedures
How-to-Apply: To be part of the Ecobank Fintech Challenge 2023, Interested and eligible fintechs can apply here. Application Deadline: July 21, 2023