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$50k up for grabs in the 2023 edition of the Ecobank Fintech Challenge in Africa


Ecobank Group has opened applications for the 6th edition of its Ecobank Fintech Challenge. The application is open to fintech entrepreneurs from across Africa to compete for the $50,000 overall prize money. 

The Fintech Challenge offers exceptional prospects for African Fintechs to partner and scale their innovative solutions across Ecobank’s extensive network of 35 African markets as well as its international operations in France.

Successful applicants reaching the Grand Final, will also have the opportunity to join the prestigious Ecobank Fintech Fellowship programme. The highly anticipated Grand Finale and Awards ceremony are scheduled for late September. 

Jeremy Awori, Chief Executive Officer, Ecobank Group, reflecting on the impact of the Fintech Challenge, said ‘Over the past six years, the Fintech Challenge has welcomed a significant number of fintechs, with six participants successfully partnering with Ecobank to launch innovative products that have been rolled out across our markets. Indeed, these collaborations have played a significant role in transforming Africa’s digital landscape and driving financial inclusion.’

Ecobank Fintech Fellows will also benefit from the following opportunities through their collaboration with Ecobank and its partners:

  • Multinational product rollout: an opportunity to integrate their solutions with Ecobank, opening doors to potential product launches within Ecobank’s expansive 35-country Pan-African ecosystem
  • Service provider partnerships: Selected fintechs may be chosen as Pan-African service partners within the bank’s ecosystem
  • Access to Ecobank’s Pan-African Banking Sandbox: Fellows will receive exclusive access to Ecobank’s cutting-edge APIs, enabling them to test and improve their products for the Pan-African market.
  • Priority access to Ecobank’s Venture Capital partners for funding exploration

Tomisin Fashina, Operations and Technology Executive, Ecobank Group, added that ‘the Ecobank Fintech Challenge has become Africa’s premier fintech competition, driving scalability for African fintechs.’ He further observed ‘through this challenge, we identify talents who can support Ecobank’s mission to remain bold and innovative, driving pan-African prosperity for the continent.

The Ecobank Fintech Challenge was designed in partnership with international advisory firm, Konfidants, and is supported by various partners.

Applications are now officially open to fintechs and developers from all African countries as well as global Africa-centered fintechs.

Interested parties can submit their applications here.  Applications are open until 21st July 2023.

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Nixon Kanali

Tech journalist based in Nairobi. I track and report on tech and African startups. Founder and Editor of TechTrends Media. Nixon is also the East African tech editor for Africa Business Communities. Send tips to nkanali@techtrendske.co.ke.

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