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. Up to $500,000 will be won by technopreneurs who successfully pitch the most interesting and viable solutions.
Application Deadline: 14th April, 2017
Offered annually? Yes
Eligible Countries: Nigeria
To be taken at (country): Top teams will be selected to pitch at the bank’s Innovation Fair, which will be held at the global headquarters of Ecobank in Lomé in May, 2017.
Eligible Fields: Teams are to submit applications addressing one or more of the following challenges
- Predictive analysis using big data
- Agency banking
- Secured client authentication
- Apps to work without internet connectivity
- KYC technology
- Customer analytics
- Credit scoring
- Micro Loan System
- User experience optimizing solutions using machine learning and AI
- Blockchain technology/solutions within Banking
- Any other fintech solution.
About the Award: Ecobank is challenging Africa’s new generation of entrepreneurs to find lasting solutions to the continent’s most pressing banking issues. Submit entries in one or more of our key areas of interest for your Chance to win up to $500,000 funding.
Eligibility: All African startups and technology innovators are eligible to apply for the challenge. They are to choose from different areas of interest as listed on the website and build a demo to serve as prototype — applicants without demo would be disqualified.
The Challenge is open to both teams and individuals. Teams can submit solutions for more than one challenge but are limited to only one entry per challenge (“Entry”). A total of 20 teams will be selected for the Ecobank Fintech Challenge event (“Event”), which will be held at the global headquarters of Ecobank in Lomé in May, 2017.
Individuals are not allowed to participate in multiple teams. Switching teams after applying is not allowed. Ecobank will cover travel and accommodation costs for up to two participants from each team.
Number of Awardees: 20 teams
Value of Contest: $500,000
How to Apply: Interested participants can apply here
Award Provider: Ecobank