Ecobank has\u00a0announced the finalists in the \u2018Ecobank Fintech Challenge,\u2019 a competition for African technology start-ups. The list includes 20 innovators from across the continent.<\/p>\n
The startups will be honoured\u00a0on June 21, 2017 at the global Headquarters of the Company in Lome, Togo at an Innovation Fair & Awards ceremony. The awards ceremony also marks the official induction of all 20 start-ups into the Ecobank Fintech Fellowship.<\/p>\n
The awards ceremony will also mark the official induction of all 20 start-ups into the Ecobank Fintech Fellowship.<\/p>\n
At the ceremony, the start-ups will exhibit and pitch their products to a jury for the \u2018Ecobank Africa Fintech Prize\u2019, which will be awarded the top innovator and two runners-up.<\/p>\n
In addition to the fellowship program, the top three innovators will win cash prizes worth US$10,000, US$7,000, and US$5,000 respectively.<\/p>\n
The 20 Ecobank Fintech Fellows will benefit from an opportunity to partner with the Ecobank\u00a0Group that includes:<\/p>\n
\u2022 Major start-up funding: worth up to US$500,000 for products that meet Ecobank\u2019s investment criteria;<\/p>\n
\u2022 Multinational product roll-out support: for the most commercially viable start-ups to launch their products across Ecobank\u2019s 33 markets in Africa;<\/p>\n
\u2022 Service provider & ecosystem partner deals: for start-ups with deep capabilities to become service partners within Ecobank\u2019s ecosystem;<\/p>\n
\u2022 Technical & mentoring support: during the one year fellowship period, fellows will benefit from technical support from Ecobank\u2019s global network of technology leaders,\u00a0fintech experts, investors and management coaches.<\/p>\n
Eddy Ogbogu, Ecobank Group Executive for Operations and Technology said, \u201cThe Ecobank Fintech Challenge has been a huge success; over 850 start-ups and developers submitted products from all over Africa, as well as the US and Europe. The sheer breath of innovative products and ideas we\u2019ve seen shows that African fintech has a bright future.\u201d<\/p>\n
Group CEO, Ade Ayeyemi, highlighted: \u201cAs a pan-African bank, we want to help grow pan-African\u00a0fintech companies. The Ecobank Group and its partners are looking forward to working with the 20 start-ups to help them mature into major African and global commercial success stories.\u201d<\/p>\n
The 20 start-ups are:<\/p>\n
Piggybank.ng (Nigeria),<\/p>\n
Digi Teller (Ghana),<\/p>\n
MobiTill (Kenya),<\/p>\n
TEAM SAFEPAY (Kenya),<\/p>\n
Wallettec (South Africa),<\/p>\n
Greenshoe (Kenya),<\/p>\n
Invest Mobile (Ghana),<\/p>\n
KUDI(Nigeria),<\/p>\n
Wayagear Innovations Lagos (Nigeria),<\/p>\n
Paylater OneFi (Nigeria),<\/p>\n
PAYVITE (Algeria),<\/p>\n
PurseNG (Nigeria),<\/p>\n
Shield Finance (Kenya),<\/p>\n
IroFit(Nigeria),<\/p>\n
Circle Group Savings and Investment (Kenya),<\/p>\n
Inclusive Financial Technologies (Ghana),<\/p>\n
Electronic Settlement Limited(Nigeria),<\/p>\n
Social\u00a0Lender (Nigeria), General Marchant (United States),<\/p>\n
Mi Nafa (Burkina Faso).<\/p>\n
Ecobank Fintech Challenge is designed in partnership with the advisory firm Konfidants and supported by partners across Africa and the world.<\/p>\n
<\/p>\n
–<\/p>\n
By: citifmonline.com\/Ghana<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Ecobank has\u00a0announced the finalists in the \u2018Ecobank Fintech Challenge,\u2019 a competition for African technology start-ups. The list includes 20 innovators from across the continent. The startups will be honoured\u00a0on June 21, 2017 at the global Headquarters of the Company in Lome, Togo at an Innovation Fair & Awards ceremony. The awards ceremony also marks the […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[7407,7408,7409],"yoast_head":"\n