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  Are you building a FinTech startup that solves some of the most pressing issues across Africa? And would you like to win funding, resources, and access to markets for your venture? If you’ve answered in the affirmative to these two questions, you should consider entering the Ecobank FinTech Challenge. This contest offers you just what you need.
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Aimed at identifying and rewarding the most innovative problem solvers at the intersection of finance and technology, the Ecobank FinTech Challenge is shining the top emerging FinTechs in Africa. This year, as in the previous edition, the winning startups will receive cash prizes. In addition, they will be granted access to a continent-wide market, and get to connect with a network of mentors and investors.


The top-performing startups in this competition will reap these benefits:
  • The top three FinTechs will receive cash prizes of $15,000, $12,000, and $10,000 respectively
  • A chance to have their product rolled out in over 30 markets across Africa where Ecobank has a presence

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  • Be granted access to Ecobank’s banking sandbox
  • Inducted as Ecobank FinTech fellows, and connect with potential partners, mentors, accelerators, and investors from all over the world


Entrants are expected to meet these conditions:
  • Be a FinTech based and operating in Africa
  • Tackling pain points in customer experience, financial inclusion, credit scoring, payments, internal controls, and ecosystem aggregation, among others

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Applications will remain open until July 21, 2023. If you would like to enter this competition, you can do so HERE. Featured Image Source: Your Opportunity Africa
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This article was first published on 27th June 2023


Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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