Apply for Ecobank FinTech challenge, win up to $500,000

FinTech is surely part of the future, no doubt. It isn’t surprising that many banks are turning to include at least, a bit of technology to their processes. The use of mobile banking, mobile applications, artificial intelligence are evidence of this act.

In furtherance of this, Ecobank is calling on all developers and innovators who are confident to have bright ideas for financial technology. They would be required to share their vision of creating Africa’s next big FinTech solution with them. Prices up to $500, 000 are up for winning by technopreneurs who successfully pitch the most interesting and viable solutions.

Ecobank via this challenge wants to find lasting solutions to the continents’s most pressing banking issues.

Interested applicants are to submit their entries in one or more of their key areas of interest. This gives a chance to win up to $500,000. The teams that emerge top will be selected to pitch at the banks’s Innovation Fair. The fair will be held at the global headquarters of Ecobank in Lome in May, 2018.


Fields that are eligible:

>Digital Onboarding/ Account Opening/ KYC
>Digital Sales/ Marketing
>Offline Mobile to Mobile Payments (Dead Zones)
>Multi-Channel Corporate Payments/ Collections Ecosystems
>SME Intra-Africa Trade Platform


Eligibility and process:

>Must be an African Startup or technology innovator.
>Build a demo to serve as prototype — applicants without would be disqualified.
>Application 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”).
>Individuals are not allowed to participate in multiple teams.
>Applicants cannot switch teams after applying.
>Travel and accommodation costs for up to two participants from each team would be covered by Ecobank.

20 teams will be selected for the Ecobank FinTech Challenge event. The event will be held at the global headquarters of Ecobank in Lome in May, 2018.


Application Deadline:
17th May, 2018