Ecobank announces 2020 Africa Fintech Challenge

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Ecobank Group, is inviting African fintech entrepreneurs to enter the 3rd edition of  the lender’s Fintech Challenge.

The Fintech Challenge gives African start-ups the opportunity to promote their fintech solutions, and potentially  partner with the bank to roll-out  their solutions across the lender’s 33 markets in Africa as well as France.

“The bank welcomes submissions from all start-ups and developers in any of Africa’s 54 countries to enter its 2020 Ecobank Fintech Challenge,” the bank said on its website.  

All Finalists will be inducted as Ecobank Fintech Fellows and they will participate in a business boot camp followed by an Awards and Innovation Fair at the headquarters of the Group in Lomé, Togo in June 2020.

As a banking group we continue to be amazed at the many ways in which fintechs are transforming banking across Africa. We look forward to the new innovations and partnership opportunities that will come with the 2020 edition,” the lender’s Group Executive, Operations and Technology, Eddy Ogbogu said in a statement.

Fellows will qualify to explore the following opportunities including: multinational product roll out which is an opportunity to pursue integration with Ecobank and potentially launch products in the lender’s footprint. Applicants can similarly forge service provider partnerships with the bank which will see Ecobank select start-ups as a pan-African service partner within the bank’s ecosystem. Fellows will also be given access to Ecobank’s APIs to test and improve their products for the pan-African market.

 “The Fintech challenge and fellowship have been improved upon to create even additional value for the bank and the Fintechs. We took feedback from the past editions and one of the major innovation this year is  the opportunity for shortlisted Fintech’s to access our APIs through our Pan African Sandbox,” the lender’s Senior Fintech Advisor, Djiba Diallo said

Ecobank Fintech Challenge was designed in partnership with the advisory firm Konfidants and is supported by several partners across Africa and globally. Applications for the competition will close on 12th of April, 2020.

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