The 2024 Ecobank Fintech Challenge has officially opened applications for early-stage and mature startups interested in partnering with Ecobank across its 35 African markets. The Fintech Challenge is in its seventh year.
Ecobank offers a grand prize of US$50,000 and the chance to scale their solutions across Ecobank’s extensive network in 35 African countries in this annual competition for early-stage and mature fintech startups.
A McKinsey report reveals that, despite the fintech boom on the African continent, fintech start-ups are still struggling with issues like scaling, navigating an uncertain regulatory environment, and managing a lack of funding.
Ecobank’s expertise in diversified markets operations and the right solutions to scale across its pan-African footprint and international presence, such as France, are provided by the Ecobank Fintech Challenge, a one-of-a-kind opportunity for Fintech Entrepreneurs to address these challenges.
As per Jeremy Awori, CEO of Ecobank Group, building partnerships with fintechs is an impetus for driving monetary consideration in Africa. Ecobank, on the other hand, places a high value on fintechs in their strategy for growth, transformation, and returns.
This new edition of the Ecobank Fintech Challenge has been enhanced by Ecobank Group to continue providing fintech entrepreneurs with a premier platform to showcase cutting-edge solutions and to create unmatched opportunities for growth and expansion across 35 African markets.”
Last year’s competition pulled in 1,490 entries of genuine quality, which highlights the meaning of this Pan- African Challenge. Successful applicants reaching the Grand Finale and Awards Ceremony in October 2024 will have the chance to join the highly coveted Ecobank Fintech Fellowship programme, with the overall winner receiving a cash prize of US$50,000.
Ecobank Fintech Fellows will gain access to numerous opportunities through collaboration with Ecobank and its partners, potentially including:
• Multinational product rollout: an opportunity to integrate their solutions with Ecobank, opening doors to potential product launches within Ecobank’s expansive 35-country Pan-Africannetwork.
• Service provider partnerships: Selected fintechs may become Pan-African service partners within the Bank’s ecosystem.
• Access to Ecobank’s Pan-African Banking Sandbox: Fellows will receive exclusive access to Ecobank’s cutting-edge APIs, enabling them to test and develop their products for the Pan-African market.
• Priority access to Ecobank’s Venture Capital partners for funding exploration. Since inception, 60 fintech startups have been inducted into the Ecobank Fintech Fellowship.
The Ecobank Fintech Challenge is designed in partnership with international advisory firm, Konfidants, and is supported by various partners.
Developers and fintechs from all over Africa, as well as global fintechs centered on Africa, can now apply for the 7th Ecobank Fintech Challenge. Interested parties can find out more about the competition and submit their applications through the official website: Ecobankfintechchallenge.com
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
