Nigeria’s First City Monument Bank (FCMB), one of the leading financial services institutions in Nigeria, has partnered Passion Incubator to launch FCMB TECH PITCH PERFECT in search of fintech startups in the e-Payment/e-Collection and e-Savings solutions sector.
FCMB aims to use the pitch competition to identify its customers’ challenges and develop solutions in e-Payment or e-Collection and e-Savings.
The e-Payment/e-Collection track is aimed at startups with solutions that allow C2B outlets like Restaurants, Associations/Clubs, Schools, Hospitals and Churches, collect payments swiftly while the e-Savings track is aimed at startups with solutions that encourage savings and investments.
The competition is being implemented by Passion Incubator, an early-stage incubator and accelerator with expertise around innovation programs design. It is calling on tech startups across Nigeria with solutions in any of the track to apply.
Following the applications phase, 21 startups across both tracks will be selected and invited to a 2-round pitching session with a panel of judges comprising key staff of Passion Incubator and FCMB.
From the first round of pitching, the top 3 startups from each track will be selected for the final pitch, where 1 winner from each track will emerge. The winners will receive 1 Million Naira each and get a Shared Coworking Access for a year at Hub One, a new coworking space in Yaba, Lagos launched by FCMB and Leadspace.
Applications for the competition opened on March 20th 2019 and will close on April 8th 2019. Here’s the application link — https://bit.ly/FCMBTPP
TECH PITCH PERFECT aims to develop Nigeria’s tech startup ecosystem. Through the competition, the bank aims to provide access to market for tech startups, deepen its brand in the tech startup ecosystem, and provide solutions for tomorrow, today.