Ecobank Group launches 2022 edition of Fintech Challenge with prize money of USD 50,000

The Fintech Challenge offers early stage and mature start-ups the potential to partner with Ecobank (www.Ecobank.com) in 33 African countries; Applications are open until 16 September.

Pan-African banking group, Ecobank Group, has launched the fifth edition of the Ecobank Fintech Challenge and is calling on African Fintech entrepreneurs to enter the competition.

Fintechs that align with the bank’s strategic goals have a chance to win a total cash prize of US$50,000 for the top winner and the opportunity to collaborate and scale their solutions across Ecobank’s 33 African markets.

Fintech companies and developers originating from any of Africa’s 54 countries, as well as global Africa-centric Fintechs, are eligible to participate in the Fintech Challenge by visiting: Applications can be made until September 16, 2022.

Ten finalists will be inducted into the Ecobank Fintech Fellowship after the finals and awards ceremony which will take place in October 2022.

In addition, all fellows will qualify to explore the following opportunities with the bank and its partners:

• Multinational product rollout: an opportunity to pursue integration with Ecobank and potentially launch products in all or part of Ecobank’s pan-African 33-country ecosystem.
• Service Provider Partnerships: Ecobank may select some Fintechs as pan-African service partners within the bank’s ecosystem.
• Access to Ecobank’s Pan-African Banking Sandbox: Fellows will gain access to Ecobank’s APIs to test and improve their products for the pan-African market.
• Priority access to Ecobank’s Venture Capital partners for exploration funding.

Ade Ayeyemi, Managing Director of Ecobank Group, said “Ecobank believes that the only way to transform financial services in Africa is for pan-African banks like Ecobank to continuously support and collaborate with innovative Fintechs and start-ups. We invite and welcome Africa’s best Fintechs to work with us through the 2022 challenge.”

Dr. Tomisin Fashina, Head of Operations and Technology, Ecobank Group said, “What is unique about the challenge is that it welcomes both early stage and mature Fintech start-ups and seeks to align them with different types of partnership opportunities within Ecobank that match their different levels of maturity.”

The Ecobank Fintech Challenge was developed in collaboration with the international advisory firm Konfidants and is supported by partners across Africa and globally. So far, 46 fellows have been accepted into the Ecobank Fintech Fellowship program since it was launched in 2017.

For more information about the competition, its benefits and how to apply, please visit https://bit.ly/3AMixIM

Distributed by APO Group on behalf of Ecobank.

Media contact:
Christiane Bossom
Group Communications Manager
Email: [email protected]
Tel: +228 22 21 03 03

About Ecobank Transnational Incorporated (‘ETI’ or ‘The Group’):
Ecobank Transnational Incorporated (‘ETI’) is the parent company of Ecobank Group, the leading independent pan-African banking group. Ecobank Group employs around 13,000 people and serves over 32 million customers in the consumer, commercial and corporate banking sectors in 33 African countries. The group has a banking license in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, United Kingdom and Dubai, United Arab Emirates. The group offers a complete package of banking products, services and solutions – including digital – and not limited to bank and deposit accounts, loans, cash management, advisory, trading, securities, wealth and asset management. ETI is listed on the Nigerian Stock Exchange in Lagos, the Ghana Stock Exchange in Accra and the Bourse Régionale des Valeurs Mobilières in Abidjan. For more information please visit www.Ecobank.com