Startups who are offering innovative solutions to meet the needs of the people of the African population and its diaspora, the Ecobank Fintech Challenge is here to support you with the finances you need to scale up. There would be funding, partnerships, and more in Ecobank’s 33 African markets.

As a Fintech, your success stories will be effective to enhance Africa’s financial integration and economic development. From this Ecobank Fintech Challenge, you will also get easy access to the market, visibility, and cash prizes that will boost your organization.

Check below for more details about this challenge:

Requirements

• All Fintechs with relevant financial products for Africa are eligible to apply.

Benefits

• Cash Prizes: The ultimate winner will receive a cash prize of $50,000.
• Scale Across Borders: Opportunity to integrate with Ecobank and potentially launch your product in Ecobank’s 35 markets across Africa.
• Ecobank Affiliates Partnerships: Finalists with impressive products may be chosen as country-level partners to local Ecobank affiliates within Ecobank’s 35-country footprint.
• Access to Ecobank’s Pan-African Banking Sandbox: Fellows will have access to a dedicated team to support API tests to enhance their products for the pan-African market and beyond.
• Mentoring and Networking Support: All finalists will be inducted as Ecobank Fintech Fellows, granting them access to a vast network of global and African accelerators, potential investors, mentors, and the Ecobank non-bank clients’ ecosystem for potential partnerships.
• Integration With Existing Ecobank Digital Offerings: Opportunities for Fintechs to integrate with Ecobank’s existing digital platforms.

Timeline

1. June 1, 2024: Application launch
2. Early July 2024: Application window closes
3. Early August 2024: Finalists announcement
4. Mid-September 2024: Innovation Fair & Grand Finale
5. October – December 2024: Ecobank Fintech Fellowship
6. December 2024 – May 2025: Commercial partnership

Application Deadline: July 7, 2024

For more information, visit the Official Webpage of the Ecobank Fintech Challenge.