Ecobank Fintech Challenge 2023 ($50,000)

The Ecobank Fintech Challenge represents a continent-wide innovation contest and collaborative venture facilitated by Ecobank.

Its primary aim is to stimulate, aid, and form partnerships with African fintech companies to extend the scope of inventive fintech and banking-related offerings.

This initiative identifies and collaborates with fintech enterprises poised for expansion, offering them support and access to opportunities within Ecobank’s expansive presence across 33 African markets.

The overarching goal is to foster the growth of these entities into potential pan-African fintech success stories.

Key Benefits

Finalists will be designated as Ecobank Fintech Fellows, gaining the chance to explore several opportunities:

• A unique opportunity to pursue integration with Ecobank and potentially introduce products across Ecobank’s 30+ African markets.The overall winner will receive a cash award of $50,000.
• Ecobank may choose start-ups as local partners in any of the 33 countries within Ecobank’s ecosystem.
• Fellows will receive assistance from a dedicated team to test Ecobank’s APIs, enabling them to enhance their products for the pan-African market.
• Founders will be inducted as Ecobank Fintech Fellows, granting them access to a network of global and African accelerators, potential investors, and mentors.
• The Challenge provides opportunities for fintechs to potentially integrate with Ecobank’s existing digital offerings, including Ecobank Mobile App or USSD, Ecobank electronic financial supply chain (eFSC), Ecobank Omni, mVISA™ & mCash, Ecobank Xpress, MasterPass™ QR, among others. Applicants are encouraged to pitch how their solutions can enhance these Ecobank digital offerings.

Eligibility for Ecobank Fintech Challenge 2023

All fintech companies with Africa-focused or Africa-relevant products are eligible to participate.

These products should address one or more of the following specific pain points:

• Customer experience
• Financial inclusion
• Credit scoring
• Ecosystem aggregation
• Internal tools
• Payments
• Any other pertinent product categories

Application Procedure

Entrants have the option to submit more than one fintech product for consideration. However, each product must be distinct, and multiple products should not be submitted within a single application form.
Each product requires a separate application.

To apply, please click here.