Pan-African banking group Ecobank Group announced the launch of the fifth edition of the Ecobank Fintech Challenge, encouraging African fintech entrepreneurs to participate in the competition. The group says the best fintech selected that aligns with the bank’s strategic objectives will have the chance to win a USD 50,000 cash prize and partner and spread their solutions across Ecobank’s 33 African markets.
Fintech companies and developers from all 54 African countries and global fintechs focused on Africa can apply for the Fintech Challenge. Applications can be submitted until September 16, 2022.
“The uniqueness of the Challenge,” said Dr Tomisin Fashina, Operations and Technology Executive, Ecobank Group, “is that it welcomes both early-stage and mature fintechs and aims to match them with different types of partnership opportunities within Ecobank that match their different levels of maturity.”
Ten finalists will be accepted into the Ecobank Fintech Fellowship after the finals and awards ceremony, which will take place in October 2022. So far, 46 fellows have been accepted into the Ecobank Fintech Fellowship.