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$50,000 Ecobank Fintech Challenge 2024

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The EcoBank Fintech Challenge is back for 2024, offering a chance for startups with groundbreaking ideas to win $50,000 and gain access to a network of resources that can help them scale their businesses across Africa.

This challenge is designed to support African minds who are developing solutions to address the financial needs of the continent. EcoBank, a leading pan-African financial services group, is looking to partner with these innovative startups to improve financial inclusion and economic development in Africa.

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What is the EcoBank Fintech Challenge?

The EcoBank Fintech Challenge is a competition open to all startups across Africa. They are looking for innovative solutions that address the challenges faced by people and businesses on the continent. This could include:

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  • Making financial services more accessible: How can we make it easier for people who don’t have bank accounts to access financial services like savings, loans, and payments?
  • Improving the customer experience: Can we create more user-friendly ways for people to bank online and at branches?
  • Supporting small and medium-sized businesses (SMEs): How can we make it easier for SMEs to get access to credit and manage their finances?
  • Developing new and efficient payment systems: Are there innovative ways to send and receive money, especially in areas with limited internet access?

Who can participate?

Any African startup with a brilliant idea that can address the financial needs of Africa is encouraged to apply. There are no specific requirements related to education (like IELTS scores).

What are the benefits of participating?

The EcoBank Fintech Challenge is more than just a competition with a cash prize. Here’s what winners can gain:

  • Funding: The grand prize winner receives a cool $50,000 to help them develop their business. Top finalists may also receive additional cash prizes.
  • Market access: EcoBank operates in 35 African countries. Winning startups will have the opportunity to partner with EcoBank and potentially launch their product in these markets, reaching a massive audience.
  • Mentorship and support: EcoBank offers mentorship, business acceleration programs, and support to help participating startups grow their businesses.
  • Networking: The challenge connects startups with potential investors, mentors, and other key players in the African fintech ecosystem.
  • Integration with existing EcoBank services: Winners can leverage EcoBank’s existing digital products and services, like their mobile app and payment systems, to reach a wider audience.

How to Apply

The application process is simple:

Visit the EcoBank Fintech Challenge website.
Click on the “Register for Challenge” button below.

Register for Challenge

Deadline

Submit your application before the deadline of July 7, 2024.

Don’t miss this opportunity! The EcoBank Fintech Challenge is a fantastic platform for African innovators to showcase their ideas, gain valuable resources, and make a real difference in the financial landscape of Africa.

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