23 April 2018
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Ecobank (Lome)

Ecobank Launches 2018 Fintech Challenge Competition for African Start-ups

Photo: Ecobank Fintech Challenge
Ecobank Fintech Challenge
press release

Top 10 finalists to be selected as Ecobank Fintech Fellows

- Ecobank, the leading pan-African banking group, is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge. Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling-out their solutions across Ecobank’s 33 markets. Ecobank is currently welcoming submissions from all start-ups and developers in any of Africa’s 54 countries to enter its 2018 Ecobank Fintech Challenge at http://ecobankfintech.com/

10 Finalists will be selected to participate in an Awards and Innovation Fair at the global headquarters of Ecobank in Lomé, Togo in July 2018. Following a series of pitches from the finalists, a panel of judges will select the top three winners, who will receive cash prizes worth $10,000, $7,000, and $5,000 respectively.

All 10 finalists will also be conferred Ecobank Fintech Fellows and will qualify to explore opportunities to partner with Ecobank including:

•Multi-national product roll-out: the most commercially viable start-ups

Can launch their products in Ecobank’s 33 markets across Africa

• Service provider partner deals: start-ups with deep capabilities to become pan-African service partners within Ecobank’s ecosystem

• Mentoring and networking support: founders will be conferred as Ecobank Innovation Fellows for a year, which grants them access to networking and mentoring from Ecobank’s vast global  network of technology leaders, fintech experts, investors and management coaches.

Mr.  Ade Ayeyemi, Group CEO, Ecobank Transnational Incorporated, reiterated Ecobank’s dedication to support innovations in banking and finance across the continent, stating, “We, at Ecobank, believe that the current winds of change led by technology and innovation will redefine how banks do business, and indeed the relationships people have with their money. We want to be at the forefront of this change, in partnership with Africa’s rising start-ups, and that is why we created the Ecobank Fintech Challenge”.

Mr. Eddy Ogbogu, Ecobank Group Executive for Operations and Technology said, “The maiden 2017 edition of the Challenge proved that Africa has an impressive army of highly capable fintech start-ups.

Ecobank  is looking forward to another successful competition.” Ecobank Fintech Challenge was designed in partnership with the advisory firm Konfidants and is supported by several partners across Africa and globally. Applications for the competition will close on 23rd May, 2018.

More information on the competition, benefits, and how to apply can be found on the competition’s website at http://ecobankfintech.com/

You can also interact with us on social media via our facebook page (facebook.com/ecobankfintech) and twitter page (twitter.com/ecobank_fintech)

 Media Contact

Sherelle Folkes

sherelle@brandcommsgroup.com

+44 (0) 20 7638 6856

About Ecobank Transnational Incorporated (‘ETI’ or ‘The Group’)

Incorporated in Lomé, Togo, in 1988 Ecobank Transnational Incorporated (‘ETI’) the parent company of Ecobank is the leading independent pan-African banking group. It currently has a presence in 36 African countries, namely: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Côte d’Ivoire, Equatorial Guinea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe. The Group employs over 17,500 people in 36 different countries in over 1,200 branches and offices. Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals. Additional information on Ecobank can be found at ecobank.com.

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