Six African Fintech have emerged as finalists in the Ecobank Fintech Challenge 2022. The six finalists were chosen after strong competition from over 700 fintech from 59 countries.
During the Grand Finale, the finalists will compete for the top price of $50,000 (#22 million). They will also be given admission to the Ecobank Fintech Challenge Fellowship program.
Also read: Ecobank calls on African Startups for its 2021 Fintech Challenge
Who Are the Six Fintech Finalists?
The finalists came from the Democratic Republic of Congo, Nigeria, Senegal, South Africa, and Togo. To qualify for this role, the finalists battled over 700 applicants from 59 countries within and outside Nigeria.
They are Cauri Money, Senegal’s DizzitUp, Togo’s MaishaPay, and the Democratic Republic of the Congo’s Moni Africa. Others include Nigeria Paycode, South Africa Touchand Pay.
On the 28th of October which is the grand final, the finalists will compete for the top price of $50,000. The event will hold at Ecobank Pan African Center in Lome and Togo.
How Will the Fintech Finalists Benefits From This?
Recorded as the fifth edition of the Ecobank Fintech Challenge, it will allow finalists to benefit from mentoring Ecobank Fintech Program.
Ecobank will help you explore opportunities such Pan African Product Launch. This opportunity will further allow Ecobank to launch your products in some parts of its 33 African countries.
Ecobank and Partners Response
Ecobank Group Operations and Technology Executive, Tomisin Fashina, said:
“I am impressed by the growing number of applications for the Ecobank Fintech Challenge. We all thank all applicants for their participation and applaud the impressive quality of their work.”
“We look forward to partnering with them for their innovative digital financial solutions to our continent’s unique challenges and to help provide financial inclusion on the continent.” She added.
CEO Arise, Partner and Co-sponsor, Ecobank Fintech Challenge 2022, Gavin Tipper said,
“Our investments in fintechs are based on collaborative partnerships that promote financial inclusion on the continent and offer opportunities for mutual synergies with our balanced investments portfolio”.
Ecobank Fintech Challenge aims to identify innovative fintechs that are ready to grow. This competition is in line with Ecobank’s Fintech strategy of building partnerships with African fintechs to help transform finance and digital banking.
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