Ecobank life-changing fintech challenge finalists emerge
Ecobank Group has announced the finalists of the 2021 Ecobank Fintech Challenge.
The challenge, in its fourth
edition, is designed to help fintechs with Africa-focused products join forces
with Ecobank to provide Africans with groundbreaking financial services.
This year’s final saw five finalists
selected from various African countries.
The finalists, who emerged from a
competitive pool of nearly 900 fintechs that entered the challenge, will
participate in a virtual finale to be held next month.
Below are the finalists.
Anadata Limited from Nigeria - developed Chota, an automated Address
Verification System that uses Big Data Analysis to accelerate the process while
improving accuracy.
Motito from Ghana - promotes financial inclusion in Africa
through their ‘buy now pay later’ platform which allows small businesses to
offer interest-free credit at point of sale.
OKO FINANCE from Mali - offers new-generation index insurance to
small holder farmers that are mobile-based and include access to affordable
loans, weather alerts and farming tips.
Fourthline Limited from Kenya - developed Pollen which is designed to be a
USSD ecosystem for conducting cross-telecom payments and savings for the
unbanked.
Trove Finance from Nigeria - built software (APIs & tools) that
allows African individuals and financial institutions (banks, brokers and fund
managers) access and trade US & global stocks.
The finalists will pitch their
products to a jury which will select the top three most promising products. The
top three finalists will receive cash prizes of $15,000, $12,000 and $10,000
respectively.
All the finalists will be
enrolled into Ecobank’s Fintech Fellowship where they will spend six months
exploring partnership opportunities, including:
Multinational Product Roll Out:
An opportunity for eligible fintechs to pursue collaboration with Ecobank and
possibly launch products in Ecobank’s 33 African markets.
Service Provider Partnerships:
A chance to partner with Ecobank on pan-African products and services roll out
and undertake other joint ventures.
Mentoring and Networking
Support: Access to networking and mentoring opportunities within the
Ecobank Group and its vast network of global and African partners.
Digital Offering integration:
An opportunity for Fintechs to potentially integrate with Ecobank’s existing
digital offerings.
“The five finalists in this
year’s edition have shown impressive products from a competitive group of
nearly 900 applicants. I would like to personally congratulate them and express
my excitement at the opportunity to work with them to bring their innovative
ideas to fruition,” Tomisin Fashina, Group Executive, Operations & Technology,
Ecobank Group, said.
The Ecobank Fintech Challenge is
designed in partnership with the advisory firm Konfidants and is supported by
partners across Africa and the globe.
More information can be found on its
website at www.EcobankFintech.com or on social media via Facebook:
(https://bit.ly/3D6t3sZ) and Twitter: (https://bit.ly/30cUF1H).
Interested fintechs and partners
can visit https://bit.ly/3qsQs4p to learn more.
Comments
Post a Comment