{"id":13048,"date":"2024-06-08T12:30:25","date_gmt":"2024-06-08T12:30:25","guid":{"rendered":"https:\/\/sotnews.agency\/?p=13048"},"modified":"2024-06-08T14:05:36","modified_gmt":"2024-06-08T14:05:36","slug":"ecobank-group-launches-2024-fintech-challenge-with-us50000-prize","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=13048","title":{"rendered":"Ecobank Group launches 2024 Fintech Challenge with US$50,000 Prize"},"content":{"rendered":"
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The 2024 Ecobank Fintech Challenge has opened applications for early-stage and mature startups to partner with Ecobank (www.Ecobank.com<\/a>) across its 35 African markets;\u00a0This marks the 7th edition of the Fintech Challenge.<\/em><\/p>\n

Ecobank , the pan-African financial services Group, officially opens call for applications to the 7th edition of its Fintech Challenge. This annual competition invites early-stage and mature fintech startups to partner with Ecobank, offering a grand prize of US$50,000 and a chance to scale their solutions across Ecobank\u2019s extensive network spanning 35 African countries.<\/p>\n

Despite the fintech eruption in the African continent, a McKinsey report [1]\u00a0reveals that fintech start-ups in Africa are still facing several challenges such as reaching scale, navigating an uncertain regulatory environment, or managing scarcity of funding. The Ecobank Fintech Challenge provides a unique opportunity for Fintech Entrepreneurs to address these challenges by not only offering financial rewards but by also providing Ecobank\u2019s expertise in diversified markets operations and the right solutions to scale across its pan-African footprint and international presence such as France.<\/p>\n

\u201cBuilding partnerships with fintechs is a catalyst for driving financial inclusion in Africa. At Ecobank, we prioritize fintechs in our Growth, Transformation, and Returns strategy \u201c, said Jeremy Awori<\/strong>, Chief Executive Officer of Ecobank Group<\/strong>. \u201cWe have enhanced this new edition of the Ecobank Fintech Challenge to continue to provide fintech entrepreneurs with a premier platform to showcase groundbreaking solutions, while creating unparalleled opportunities for growth and expansion across 35 markets in Africa.\u201d<\/p>\n

Last year\u2019s competition attracted 1,490 entries of real quality, which underscores the significance 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.<\/p>\n

Ecobank Fintech Fellows will gain access to numerous opportunities through collaboration with Ecobank and its partners, potentially including:<\/p>\n

Multinational product rollout: an opportunity to integrate their solutions with Ecobank, opening doors to potential product launches within Ecobank\u2019s expansive 35-country Pan-Africannetwork.
\n\tService provider partnerships: Selected fintechs may become Pan-African service partners within the Bank\u2019s ecosystem.
\n\tAccess to Ecobank\u2019s Pan-African Banking Sandbox: Fellows will receive exclusive access to Ecobank\u2019s cutting-edge APIs, enabling them to test and develop their products for the Pan-African market.
\n\tPriority access to Ecobank\u2019s Venture Capital partners for funding exploration.<\/p>\n

Since inception, 60 fintech startups have been inducted into the Ecobank Fintech Fellowship.<\/p>\n

The Ecobank Fintech Challenge is designed in partnership with international advisory firm, Konfidants, and is supported by various partners.<\/p>\n

Applications for the 7th Ecobank Fintech Challenge are now open to fintechs and developers from across Africa, as well as global Africa-centered fintechs. Interested parties can find out more about the competition and submit their applications through the official website: EcobankFintechChallenge.com<\/a><\/p>\n

The deadline for entries is 7 July 2024.<\/p>\n

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[1] Fintech in Africa: The end of the beginning | McKinsey (https:\/\/apo-opa.co\/4ectW6e<\/a>)<\/p>\n<\/div>\n<\/div>\n

Distributed by APO Group on behalf of Ecobank Transnational Incorporated.<\/p>\n

Media Contact:\u00a0<\/strong>
\nChristiane Bossom
\nGroup Communications
\nEcobank Transnational Incorporated
\nEmail: groupcorporatecomms@ecobank.com<\/a>
\nT\u00e9l.: +228 22 21 03 03
\nWeb: www.Ecobank.com<\/a><\/p>\n

About Ecobank Group (or \u2018Ecobank Transnational Incorporated\u2019 or \u2018ETI\u2019):<\/strong>
\nEcobank Group is the leading private pan-African banking group with unrivalled African expertise. Present in 35 sub-Saharan African countries, as well as France, the UK, UAE and China, its unique pan-African platform provides a single gateway for payments, cash management, trade and investment. The Group employs over 14,000 people and offers Consumer, Commercial, Corporate and Investment Banking products, services and solutions across multiple channels, including digital, to over 32 million customers. For further information, please visit www.Ecobank.com<\/a>.<\/p>

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The 2024 Ecobank Fintech Challenge has opened applications for early-stage and mature startups to partner with Ecobank (www.Ecobank.com) across its 35 African markets;\u00a0This marks the 7th edition of the Fintech… <\/p>\n","protected":false},"author":1,"featured_media":13060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-13048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/13048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13048"}],"version-history":[{"count":1,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/13048\/revisions"}],"predecessor-version":[{"id":13061,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/13048\/revisions\/13061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/13060"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}