Ecobank Group has introduced the six finalists for the fifth version of the Ecobank Fintech Problem. The finalists come from the Democratic Republic of Congo, Nigeria, Senegal, South Africa, and Togo.
The six fintechs stood out from a extremely aggressive pool of over 700 candidates from 59 nations in and out of doors Africa. The six finalists will compete for the high worth of $50,000 on the Grand Finale, which is being held on the Ecobank Pan African Centre in Lomé, Togo, on Friday 28 October 2022.
The finalists for the 2022 version
- Cauri Money, Senegal
- DizzitUp, Togo
- MaishaPay, Democratic Republic of Congo
- Moni Africa, Nigeria
- Paycode, South Africa
- Touch and Pay, Nigeria
This fifth version of the Ecobank Fintech Problem, which is sponsored by Come up, will permit all finalists to profit from Ecobank’s Fintech Mentoring Programme. Throughout this programme, Ecobank will assist them to discover alternatives together with:
- Rolling out their merchandise on a pan-African scale: a possibility to additional combine with Ecobank and probably launch their services or products in all or a part of Ecobank’s 33-country pan-African ecosystem.
- Entry to the Group’s pan-African Banking Sandbox to check and develop their merchandise within the pan-African market.
- Precedence entry to Ecobank’s enterprise capital companions to discover funding alternatives.
Tomisin Fashina, Ecobank Group Govt, Operations and Know-how, stated: “I’m impressed by the rising variety of functions for the Ecobank Fintech Problem. Purposes have grown from about 412 functions in 2018 to over 700 in 2022. This demonstrates a particular paradigm shift throughout the African continent, with Africans’ want to rework technological innovation into an actual lever for socio-economic growth. We thank all candidates for his or her participation and applaud the extremely spectacular high quality of their entries. We look ahead to partnering with them for his or her groundbreaking digital monetary options to our continent’s distinctive challenges and to assist selling monetary inclusion on the continent.”
Gavin Tipper, CEO of Come up, associate and co-sponsor of the Ecobank Fintech Problem 2022 competitors, stated: “Fintechs play a central position in creating revolutionary digital options that enhance buyer expertise, ship worth propositions and cut back prices. Our investments in fintechs are based mostly on collaborative partnerships that advance monetary inclusion on the continent and provide alternatives for mutual synergies with our balanced funding portfolio.”
The Ecobank Fintech Problem is designed to establish revolutionary fintechs which might be able to develop, that we are able to associate with, mentor and provides entry to Ecobank’s 33 African markets, in order that they will realise their potential and turn into pan-African success tales. This competitors is in keeping with Ecobank’s Fintech technique of constructing partnerships with African fintechs to assist remodel digital finance and banking.
The Ecobank Fintech Problem is organised in collaboration with companions throughout Africa and the world, together with Come up, gold sponsor of the 2022 version, World Finder, TechCabal, Africa Fintech Community and Konfidants.