Twelve African startups have been named finalists for the seventh edition of its Fintech Challenge, with US$50,000 in prize money up for grabs.
Ecobank is a leading independent pan-African banking group that serves over 32 million customers in the consumer, commercial and corporate banking sectors across 35 African countries.
Its annual Fintech Challenge offers early-stage and mature startups the potential to partner with Ecobank across those 33 countries, and is now in its seventh year. Fintech startups that are aligned with the bank’s strategic objectives stand a chance to win an overall cash prize of US$50,000, and the opportunity to partner and scale their solutions with Ecobank.
Twelve finalists have now been selected for the final, following a hybrid semi-final event which featured 40 fintech startups selected from over 1,550 applications from 70 countries in Africa and other global regions.
Two of the startups, BuuPass and Melanin Kapital Neobank, are from Kenya, and another two from Nigeria – Sawport Video Banking as a Virtual Branch, and Sproutly.
The rest of the finalists are Daba Finance (Ivory Coast), EasyEquities (South Africa), Exuus (Rwanda), MiaPay (Togo), PaySika (Cameroon), PROBOUTIK (Senegal), Vaultpay (DRC) and YMO Africa (Guinea).
The finalists will showcase their solutions at the Ecobank Fintech Challenge Grand Finale, scheduled for September 27 at the Ecobank Pan African Centre in Lomé, Togo. The event will be streamed live on Ecobank Group’s social media channels, allowing a global audience to participate. Finalists of the challenge will compete for the US$50,000 ultimate prize during this highly anticipated event.
