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Ecobank is calling on developers and innovators with bright ideas for financial technology to share their vision of creating Africa’s next big fintech solution with them. And there’s prize money at stake for this- up to $500,000 will be won by technopreneurs who successfully pitch the most interesting and viable solutions. This, in summary, is what the Ecobank Fintech Challenge is about. But there’s more to it.

The Ecobank Fintech Challenge will have startups submit applications addressing specific fintech challenges. Shortlisted applicants will get to pitch their idea at the Ecobank Innovation Fair for the chance to win cash prizes and get support from Ecobank to roll out their solution across 36 African countries. They’ll also get mentoring opportunities and have access to Ecobank’s vast network of partners.

If you’re interested in entering the competition, you can apply online.  Submit your solution to a fintech challenge in any of the areas listed on the dedicated website for the contest. Applications will be judged based on user experience, implementation practicality, functionality, innovation, and commercial prospects.

Only entries that are adjudged to have met the selection criteria will be shortlisted for the pitch stage.

Applications will be received until April 14, 2017.

To register for the Ecobank Fintech Challenge, click here.

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This article was first published on 26th January 2017

ikenna-nwachukwu

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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