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Ecobank Inaugurates $500,000 FinTech challenge for African startups

 

Ecobank, African leading lender has inaugurated a FinTech challenge for startups in the continent. 

The banks challenged developers, programmers and FinTech innovators all over Africa to join forces in combating the continent’s most pressing banking issues, and proffer lasting solutions that would transform Africa’s finance through technology and innovation.

Asides the chance to win up to $500,000 funding, the Ecobank FinTech Challenge affords applicants benefits such as partnership with the bank, full Pan-African visibility, multi-national exposure and the list goes on.

All African startups and technology innovators are eligible to apply for the challenge. They are to choose from different areas of interest as listed on the website and build a demo to serve as prototype — applicants without demo would be disqualified.

A total of 20 teams will be selected to pitch at the bank’s Innovation Fair, which will be held at the global headquarters of Ecobank in Lomé in May, 2017.