The Pan-African banking conglomerate with banking operations in over 36 African countries has launched the 5th edition of the Ecobank Fintech Challenge and encourages African Fintech entrepreneurs to enter the competition.

This year the Fintech Challenge offers early-stage and mature startups the opportunity to partner with Ecobank and potentially launch products across 33 African countries.

The challenge is open to fintech companies and developers originating from any of Africa’s 54 countries.

The fifth edition of the Fintech Challenge is offering a US$50,000 cash prize to the overall winner, as well as the opportunity to partner and scale their solutions across Ecobank’s 33 African markets.

“Ecobank believes that the only way to transform financial services in Africa is for Pan-African banks like Ecobank to continually support and collaborate with innovative Fintechs and start-ups. We invite and welcome Africa’s best Fintechs to work with us through the 2022 Challenge.” said Ade Ayeyemi, Chief Executive Officer, Ecobank Group.

Since its launch in 2017, 46 fellows have been admitted into the Ecobank Fintech Fellowship programme and this year, 10 finalists will be inducted into the Ecobank Fintech Fellowship after the finals and awards ceremony, which will take place in October 2022.

These fellows will also be given priority access to Ecobank’s venture capital partners for funding exploration and many other opportunities.

Applications for the Ecobank fintech challenge are open until 16 September 2022, and fintechs can find out more about the challenge https://ecobankfintechchallenge.com/

Today, the Ecobank Group is a world-class institution and a torchbearer for Africa. With a presence in 35 sub-Sahara African countries, the Ecobank brand is synonymous with banking in Africa.