Pan-African banking conglomerate Ecobank launches fintech challenge for African startups

Ecobank Transnational Inc, a pan-African banking conglomerate with banking operations in 36 African countries, has launched a fintech challenge for startups that is aimed to African entrepreneurs.

The Ecobank Fintech Challenge provides selected startups the benefit of getting tailored mentorship from leading industry experts, a funding of up to $500K to build their fintech solution, partnering with multi-national across 36 countries, gaining access to Africa’s biggest banking ecosystem, maximize the reach and visibility across pan-African space and showcase their idea at Ecobank’s Innovation Fair.

Proposals can fall into a broad view of fintech and can address one or more of the challenges including predictive analysis using big data, customer analysis, agency banking, blockchain technology solutions within banking, KYC technology, micro loan system, apps to work without internet connection, among others.

A total of 20 teams will be selected for the challenge that will take place at the global headquarters of Ecobank in Lomé, Togo.

Developers, programmers and fintech innovators all over Africa can submit their entries in one or more key areas of interest and win a chance up to $500,000 funding. The deadline for the fintech challenge is on 14th April 2017.