Ecobank launches African FinTech challenge

Pan-African banking conglomerate Ecobank, which boasts operations in 36 countries on the continent, has launched a FinTech challenge for African startups. The Ecobank FinTech Challenge provides selected startups with tailored mentorship from leading industry experts, funding of up to $500 000, a partnership with the multinational, and access to Africa’s biggest banking ecosystem, maximising exposure across the continent. The winner will also showcase their idea at Ecobank’s Innovation Fair.

Interested parties from across the continent can submit their entries in areas including broad FinTech challenges, predictive analysis using big data, customer analysis, agency banking, blockchain technology solutions within banking, KYC technology, micro-loan systems and apps to win up to $500 000 in funding. The deadline is 14 April 2017, after which 20 teams will present pitches at Ecobank headquarters in Lomé, Togo.