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Ecobank Group announces the 2023 edition of its Fintech Challenge, winner to secure $50,000 

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Ecobank Group, a banking group that operates across Africa, is inviting innovative and ambitious fintech entrepreneurs from Africa to apply for the 6th edition of the Ecobank Fintech Challenge.

The Fintech Challenge provides excellent opportunities for fintechs that align with Ecobank’s strategic objectives.

It allows them to partner with Ecobank and expand their innovative solutions across the bank’s network of 35 African markets and its international operations in France.

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Successful applicants who reach the Grand Final will also have the chance to join the prestigious Ecobank Fintech Fellowship program.

“The highly anticipated Grand Finale and Awards ceremony will take place in late September. The overall winner will receive a grand cash prize of $50,000, continuing the tradition from the previous year,” Ecobank noted in a press release.

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Ecobank Fintech Fellows will enjoy several benefits through their collaboration with Ecobank and its partners.

These include the opportunity to integrate their solutions with Ecobank for potential product launches in the bank’s Pan-African ecosystem, the chance to become service partners within Ecobank’s ecosystem, exclusive access to Ecobank’s Pan-African Banking Sandbox to test and improve their products, and priority access to Ecobank’s Venture Capital partners for funding exploration.

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Fintechs and developers from all African countries, as well as global Africa-centered fintech, are now invited to submit their applications through the official website.

The application window will remain open until July 21, 2023.

The Chief Executive Officer (CEO) of Ecobank Group, Jeremy Awori emphasized the positive impact of the Fintech Challenge, noting that ,”Over the past six years, several fintechs have successfully partnered with Ecobank to launch innovative products across their markets, contributing to Africa’s digital transformation and financial inclusion.”

Tomisin Fashina, the Operations and Technology Executive at Ecobank Group praised the Ecobank Fintech Challenge as Africa’s premier fintech competition, driving scalability for African fintechs.

He highlighted the challenge’s role in identifying talents that support Ecobank’s mission of driving pan-African prosperity through bold innovation.

The Ecobank Fintech Challenge was developed in collaboration with international advisory firm, Konfidants and has the support of various partners.

For more information on the competition and how to apply, please visit Ecobank’s website.

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Diana Mutheu
Diana Mutheu
Diana Mutheu is a Tech enthusiast, happy to delve deeper into the African tech space covering Social Media, AI, Startups, Telcos, Cryptocurrency, Big Data, Women in Tech and all matters Tech. Write to me @[email protected]

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