Ecobank Fintech Challenge is a pan-African innovation competition and start-ups partnership offering by Ecobank. It is designed to inspire, support and partner African start-ups and developers with the aim to facilitate the development of innovative “FinTech” and banking related solutions.
Competition Cash prizes: the three top winners at the Innovation Fair will be awarded $10,000, $7000, and $5000 cash prizes respectively.
Start-up Funding: after the competition, Ecobank may invest up to $500,000 in selected start-ups/products with immense prospects.
Multinational product roll out: once in a lifetime opportunity to launch products in Ecobank’s over 30 markets across Africa through strategic partnership.
Service provider partnerships: start-ups may be selected by Ecobank as a pan-African service partner within Ecobank’s giant 36 country ecosystem.
Mentoring and networking support: founders will be conferred as Ecobank Innovation Fellows for a period of one year, granting them access to networking and mentoring opportunities within the Ecobank Group and its vast network of global and African partners.
Yes, you can enter more than one fintech solution in the competition. However each product or solution you apply with must be distinct. You should not submit two solutions in one application form. Each of your solutions/products must be entered as a separate application.
A demo should be able to give fair idea of what a very final and actual product will look like. Real time data can be mocked for demonstration purposes. You can also make use of sandboxes from third parties you are likely to be connecting to in a real environment.