Application for the EcoBank Fintech Challenge 2021 is ongoing!
EcoBank Fintech is asking on builders and innovators with shiny ideas for economic technology to share their imaginative and prescient of making Africa’s next massive fintech solution with them. Up to $500,000 can be gained with the aid of technopreneurs who efficiently pitch the most interesting and possible solutions.
To follow successfully, kindly read thru this piece to learn the overall information about this award- the eligibility standards, necessities, software closing date, and greater. The table under will give you an outline of what you ought to count on.
About the EcoBank Fintech Challenge
The Ecobank Fintech Challenge identifies and partners Fintechs which can be geared up to scale and presents them with aid and get entry to to possibilities in Ecobank’s 33 African markets. The aim? To make contributions to their increase as potential Pan African Fintech achievement memories.
The Challenge is open to all Fintechs at the African continent. Interested Fintechs can observe by using sending information in their product as well as a demo here. These merchandise should address one or greater of a particular set of pain points which may be discovered right here.
The decided on finalists take part in the Ecobank Fintech Innovation Fair, with the top 3 finalists prevailing cash prizes. All finalists are inducted into the Ecobank Fintech Fellowship, which provides them the possibility to discover offers, integration, and industrial partnership with the Ecobank Group.
EcoBank Fintech Challenge- Eligibility
- All African startups and technology innovators are eligible to use for the EcoBank Fintech Challenge. They are to choose from distinctive areas of hobby as indexed on the website and construct a demo to serve as prototype — candidates with out demo might be disqualified.
- The Challenge is open to each groups and people.
- Teams can put up solutions for multiple project but are confined to only one entry in keeping with undertaking (“Entry”).
- Individuals are not allowed to take part in more than one groups. Switching teams after making use of is not allowed. Ecobank will cover tour and lodging prices for up to 2 members from every team.
Teams are to submit applications addressing one or more of the subsequent demanding situations
- Customer Experience
- Credit Scoring
- Ecosystem Aggregation
- Internal Tools
- Any Other Relevant Product Categories
Top groups might be selected to pitch on the financial institution’s Innovation Fair, in an effort to be held at the global headquarters of Ecobank in Lomé.
Value of Contest
Become a finalist; get inducted as an Ecobank Fintech Fellow and stand a hazard to explore the subsequent opportunities:
- Multinational Product Roll Out: Once in a life-time possibility to pursue integration with Ecobank and probably launch merchandise in Ecobank’s over 30 markets across Africa.
- Competition Cash Prizes: The top 3 winners at the Challenge could be presented $15,000, $12,000 and $10,000 cash prizes respectively.
- Service Provider Partnerships: Start-united states of americacan be selected by means of Ecobank as neighborhood usa-level accomplice in any of Ecobank’s 33 u . S . A . Ecosystem.
- Access To Ecobank’s Pan-African Banking Sandbox: Fellows will be given get entry to to a committed group to guide on the Ecobank’s APIs test to allow them improve their products for the pan-African market.
- Access To Partner Network: Founders could be inducted as Ecobank Fintech Fellows, granting them access and relationships to a significant community of world and African Accelerators and ability Investors as well as mentors.
- Integration With Existing Ecobank Digital Offerings: The EcoBank Fintech Challenge offers possibilities for Fintechs to probably combine with Ecobank’s present digital services. The existing digital offerings include Ecobank Omni, Ecobank digital economic deliver chain(eFSC), Ecobank Xpress, Ecobank Mobile APP or USSD, MasterPass™ QR, mVISA™ & mCash, etc. You can research more approximately these structures HERE. We’d like applicants to pitch us how their solutions can add cost to these present Ecobank virtual services.
How to Apply for the EcoBank Fintech Challenge
You can apply for it the undertaking on-line. Click on the button below to start your registration without delay.
Read also: The Nestlé Internship Development Program (NIDP) 2021 South Africa
EcoBank Fintech Challenge- Application Deadline
The remaining date for this award utility access is twentieth September 2021
Africa is developing hastily because of the severa innovations which tech begin-u.S.A.Are introducing. But there are nonetheless masses of demanding situations beforehand.
The Ecobank Group via its application (the Ecobank Fintech Challenge), has come to deliver tech begin-united statesto the limelight of business. Finalists of the task can have the opportunity to explore deals, integration, and industrial partnership with the Ecobank Group.
Frequently Asked Questions
What is the purpose of the Ecobank Fintech Challenge?
The purpose of the Ecobank Fintech Challenge is to discover and accomplice Fintechs that are willing to scale, assist, and deliver them get right of entry to to Ecobank’s 33 African markets so as to grow to become actual Pan African Fintech fulfillment memories.
How a great deal is the award quantity of the Ecobank Fintech Challenge in 2021?
The pinnacle 3 winners on the Ecobank Fintech Challenge gets $10,000, $7000, and $5000 cash prizes respectively.
What does the Ecobank Fintech Challenge appearance out for?
The Ecobank Group is looking for fintech to be able to offer solutions in regions like:
1. Customer Experience
2. Credit Scoring
4. Internal Tools
five. Ecosystem Aggregation
When is the application deadline?
The utility deadline for the Ecobank Fintech Challenge is on the 12th of April, 2021.
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