Ecobank Group launches the 2022 edition of its Fintech Challenge with $ 50,000 in cash prizes up for grabs

(ECOBANK) – The Fintech Challenge offers start-ups and mature companies the opportunity to partner with Ecobank in 33 African countries. Applications are open until September 16

Pan-African banking group Ecobank has launched the fifth edition of the Ecobank Fintech Challenge and invites fintech entrepreneurs in Africa to participate in the competition.

Fintechs that align with the Bank’s strategic goals can win a cash prize of $ 50,000 for the first winner and have the opportunity to collaborate and implement their solutions in Ecobank’s 33 African markets.

To participate in the Fintech Challenge, fintech companies and developers from any of the 54 African countries, as well as Africa-focused international fintechs, should visit: https://Ecobankfintechchallenge.com. Applications are open until September 16, 2022.

Following the finals and awards ceremony in October 2022, five finalists will enter the Ecobank Fintech Fellowship program.

Furthermore, all Fellows will be able to explore the following possibilities with the Bank and its partners:

  • Global Product Launch: An opportunity to further collaborate with Ecobank and potentially launch products in all or part of Ecobank’s 33-country Pan-African network.
  • Partnership with service providers: Ecobank can select fintech as a pan-African service partner within the Bank’s network.
  • Access to Ecobank’s Pan-African Banking Sandbox: Fellows will have 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 fundraising.

Ade Ayeyemi, Managing Director of Ecobank Group, underlined: “Ecobank believes that to transform financial services in Africa, Pan-African banks such as Ecobank must continuously support and collaborate with fintechs and innovative startups. We invite the best fintechs in Africa to work with us by participating in the 2022 Fintech Challenge “.

Dr. Tomisin Fashina, Chief Operations and Technology Officer of Ecobank Group, said: ” The originality of the competition lies in the fact that it is aimed at both young and more mature companies and that it offers the latter different types of partnerships within Ecobank, depending on their stage of development. “.

Designed in collaboration with the international consulting firm Konfidants, the Ecobank Fintech Challenge is supported by numerous partners in Africa and around the world. To date, 46 Fellows have been admitted to the Ecobank Fintech Fellowship program since its launch in 2017.

For more information on the contest, benefits and how to apply, go to https://Ecobankfintechchallenge.com.

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. The Ecobank Group employs approximately 13,000 people serving over 32 million customers in the retail, commercial and wholesale banking sectors in 33 African countries. The Group has a banking license in France and has representative offices in Addis Ababa in Ethiopia, Johannesburg in South Africa, Beijing in China, London in the United Kingdom and Dubai in the United Arab Emirates. The Group offers a full range of banking products, services and solutions, including digital, including bank and deposit accounts, loans, cash management, advisory, trading, securities trading and wealth management. ETI is listed on several stock exchanges, notably the Nigeria Stock Exchange in Lagos, the Ghana Stock Exchange in Accra and the Bourse Régionale des Valeurs Mobilières in Abidjan. For more information, please see www.ecobank.com

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