Africa-wide

Competition

Entrepreneurship

Ecobank Transnational Incorporated - Ecobank Fintech Challenge For African Startups Movemeback African initiative cover image

Details

The Ecobank Fintech Challenge identifies and partners Fintechs that are ready to scale and provides them with support and access to opportunities in Ecobank’s 33 African markets. The goal is to contribute to their growth as potential Pan African Fintech success stories.


The Challenge is open to all Fintechs on the African continent. Interested Fintechs can apply by sending details of their product as well as a demo here. These products must address one or more of a specific set of pain points such as customer experience, financial inclusion, credit scoring, ecosystem aggregation, internal tools, payments and any other relevant product categories. The selected finalists participate in the Ecobank Fintech Innovation Fair, with the top 3 finalists winning cash prizes. All finalists are inducted into the Ecobank Fintech Fellowship, which affords them the opportunity to explore deals, integration and commercial partnership with the Ecobank Group.

Criteria

  • Open to all fintechs on the African continent
  • They should have Africa-focused or Africa relevant product

Benefits

  • Become a finalist, get inducted as an Ecobank Fintech Fellow and stand a chance to explore the following opportunities
  • Once in a lifetime opportunity to pursue integration with Ecobank and potentially launch products in Ecobank’s over 30 markets across Africa
  • The top three winners at the Challenge will be awarded $15,000, $12,000 and $10,000 cash prizes respectively
  • Start-ups may be selected by Ecobank as local country-level partner in any of Ecobank’s 33 country ecosystem
  • Fellows will be given access to a dedicated team to support on the Ecobank’s APIs test to enable them improve their products for the pan-African market
  • Founders will be inducted as Ecobank Fintech Fellows, granting them access and relationships to a vast network of global and African Accelerators and potential Investors as well as mentors
  • The Challenge offers opportunities for Fintechs to potentially integrate with Ecobank’s existing digital offerings

About Ecobank Transnational Incorporated

Ecobank Transnational Incorporated (Ecobank) is the leading pan-African bank, providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organisations, medium, small and micro businesses and individuals. With operations in 36 countries, Ecobank has a larger African footprint than any other bank in the world.


The dual objective of Ecobank is to consolidate a modern pan-African bank and to contribute to the economic development and financial integration of the continent. Ecobank offers a natural advantage with its unmatched pan-African banking competencies, built up over the last 25 years. Marshalling its impressively broad presence, its proficiency and its performance, the bank is intent on delivering sustainable returns and playing a catalytic role in the transformation of Africa. It continues to play a pivotal role as a recognised pioneer in financial integration and inclusive banking.