EcoBank Fintech Challenge 2024 for Programmers and Developers in Nigeria

EcoBank Fintech Challenge invites developers and innovators to share their vision for creating Africa’s next major fintech solution. Technopreneurs will be awarded up to $500,000 if they successfully pitch their most innovative and viable solutions.

Deadline for applications: September 20, 2024

Eligible Countries: Nigeria

To be taken at (country). Top teams will be invited to pitch at Ecobank’s Innovation Fair in Lome.

Eligible fields: Teams must submit applications that address one or more of these challenges:

• Customer Experience
• Credit Scoring
• Ecosystem Aggregation
• Internal Tools
• Payments
• Any other relevant product categories

About EcoBank Fintech Challenge 2024 for Programmers and Developers in Nigeria

EcoBank Fintech Challenge What is the goal? Their growth as Pan African Fintech success stories.

All Fintechs from Africa is eligible to participate in the Challenge. Fintechs interested in applying can send details about their product and a demo to this address. The products must address a set of specific pain points, which can be found here.

The Ecobank Fintech Innovation Fair is open to the selected finalists. The top three finalists will be awarded cash prizes. All finalists are invited to the Ecobank Fintech Fellowship. This gives them the chance to explore integration, commercial partnerships, and deals with the Ecobank Group.

About the EcoBank Fintech Challenge

The Ecobank Fintech Competition identifies and partners Fintechs who are ready to scale and gives them support and access opportunities in Ecobank’s 33 African markets. What is the goal? Their growth as Pan African Fintech success stories.

All Fintechs from Africa are eligible to participate in the Challenge. Fintechs interested in applying can send details about their product and a demo to. You must submit details of your product and a demo to apply for the Ecobankfintechchallenge.com/#uploadbutton_mult.

The Ecobank Fintech Innovation Fair is open to the selected finalists. The top three finalists will be awarded cash prizes. All finalists are invited to the Ecobank Fintech Fellowship. This gives them the chance to explore integration, commercial partnerships, and deals with the Ecobank Group.

Eligibility for EcoBank Fintech Challenge

EcoBank Fintech Challenge is open to all African entrepreneurs and tech innovators. They will need to select from the listed areas of interest and create a prototype to use as a prototype. Applicants without a demo would be disqualified.

Both individuals and teams are welcome to participate in the Challenge.

While teams can submit solutions to more than one challenge, they are restricted to one entry per challenge (“Entry”)

It is not permissible for an individual to be part of more than one team. After applying, it is prohibited to switch between teams. Ecobank will pay for travel and accommodation costs for up to two people from each team.

Number of awardees: 20 teams

The Value of EcoBank Fintech Challenge Contest

You can become a finalist and be inducted as an Ecobank Fintech Fellow, which will give you the chance to explore these opportunities:

Multinational Product Launch: This is a once-in-a-lifetime opportunity to integrate with Ecobank and launch products in Ecobank’s more than 30 African markets.

Competition Cash Prizes: The Challenge’s top three winners will receive $15,000, $12,000, and $10,000 cash prizes.

Service Provider Partnerships: Ecobank may select start-ups to be local partner in any of its 33 countries.

Access to Ecobank’s Pan-African Bank Sandbox: Fellows have access to an Ecobank APIs tester to help them improve their products for pan-African markets.

Access to the Partner Network: Ecobank Fintech Fellows will be inducted into the Ecobank Fintech Fellowships program, which grants them access to an extensive network of African and global Accelerators as well as potential investors and mentors.

Integration with Existing Ecobank digital offerings: EcoBank Fintech Challenge provides opportunities for Fintechs and other companies to integrate with Ecobank’s digital offerings. Ecobank Omni, Ecobank electronic finance supply chain(eFSC), Ecobank Xpress, and Ecobank Mobile APP/USSD are some of the existing digital offerings. MasterPass(tm), QR, mVISA ™, mCash, and Ecobank Omni are all examples. These platforms can be found HERE. We would love applicants to tell us how they can bring value to the existing Ecobank digital offerings.

FAQs

Who can participate in the EcoBank Fintech Challenge 2024?

The EcoBank Fintech Challenge 2024 is open to programmers and developers in Nigeria who have innovative fintech solutions or ideas that can enhance financial services and address challenges in the banking industry. Participants may be individuals, teams, or startups with a focus on leveraging technology to drive financial inclusion, improve customer experience, or enhance banking operations.

What types of fintech solutions are eligible for the EcoBank Fintech Challenge?

The EcoBank Fintech Challenge welcomes a wide range of fintech solutions that demonstrate creativity, feasibility, and potential for impact. This includes but is not limited to solutions related to mobile banking, digital payments, blockchain technology, cybersecurity, data analytics, artificial intelligence, and machine learning. The key criteria are innovation, relevance to the banking sector, and scalability.

How can I apply for the EcoBank Fintech Challenge 2024?

Interested participants can typically apply for the EcoBank Fintech Challenge by visiting the official website or application portal designated for the competition. They are required to complete an online application form, providing details about their fintech solution or idea, team members (if applicable), business model, and any relevant supporting information. The application process may also involve submitting a pitch deck or prototype.

What are the benefits of participating in the EcoBank Fintech Challenge?

Participants in the EcoBank Fintech Challenge stand to gain several benefits, including access to mentorship and guidance from industry experts, exposure to potential investors and partners, opportunities for collaboration with EcoBank and other stakeholders in the fintech ecosystem, and the chance to showcase their solutions on a regional or international platform. Additionally, winners may receive cash prizes, incubation support, and access to EcoBank’s resources and networks to further develop and scale their fintech solutions.

How to apply for the EcoBank Fintech Competition: Interested parties can apply here