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The 2020 Ecobank Fintech Challenge Finalists Announced

Ecobank fintech challenge finalists to compete in finals to win a share of USD$22,000 in cash prize.

Ecobank on Thursday announced the finalists for their third edition of the ‘Ecobank Fintech Challenge’. The 10 finalists emerging from seven countries will participate in an online finale scheduled for August 21, 2020 – to select the overall winner(s).

The 2020 Ecobank Fintech Challenge Finalists are; Always In-Touch Real-time ( South Africa), Fluid AI (India), Franc Group (South Africa), Growth Factor (Ghana), Leaf Global Corporation (Rwanda), Moja Ride (Ivory Coast), Nokwary Technologies Limited (Ghana), Papersoft S.A (Mozambique), Ukheshe Payment Solutions (South Africa), and PayChap Technologies (Tanzania).

Eddy Ogbogu, Group Executive, Operations & Technology said, “we congratulate the 10 Fintechs that have made it to the 2020 Finals. This is an impressive cast of innovators and we look forward to the Final event where we will honour them and potentially build productive collaborations.”

They will pitch their products to selected jury where only the top three will be selected as winners. The first prize is USD$10,000, and for the second and third USD$7,000 and USD$5,000 respectively. However, all finalists will be enrolled into Ecobank’s Fintech Fellowship where they will spend the next 6 months exploring partnership opportunities includes;

  • Multinational product roll out: An opportunity to pursue collaboration with Ecobank and possibly launch products in Ecobank’s 33 African markets.
  • Service provider partnerships: A chance to become a pan-African service partner to Ecobank for Fintechs with the qualities to become product partners and offer joint services with Ecobank
  • Mentoring and networking support: Access to networking and mentoring opportunities within the Ecobank Group and its vast network of global and African partners
  • Integration with existing Ecobank digital offerings: An opportunity to potentially integrate with Ecobank’s existing digital offerings.

The Ecobank Fintech Challenge identifies Fintechs startups that are ready to scale with Ecobank providing them with support and access to its 33 African markets so they can grow to become true Pan African Fintech success stories.

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The challenge is designed in partnership with the advisory firm Konfidants and is supported by partners across Africa and globally.

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