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The Fintech Challenge offers early and mature stage startups the potential to partner with Ecobank ( in 33 African countries; Applications are accepted until September 16.

Pan-African banking group Ecobank Group has launched the fifth edition of the Ecobank Fintech Challenge and is calling on African Fintech entrepreneurs to participate in the competition.

Fintech companies that align with the Bank’s strategic objectives stand a chance to win a total cash prize of US$50,000 for the grand winner and the opportunity to collaborate and expand their solutions across Ecobank’s 33 African markets.

Fintech companies and developers from any of Africa’s 54 countries, as well as global fintech hubs focused on Africa, are eligible to participate in the Fintech Challenge by visiting: Applications are accepted until September 16, 2022.

Ten finalists will be inducted into the Ecobank Fintech Scholarship following the finals and award ceremony in October 2022.

In addition, all fellows will be eligible to explore the following opportunities with the Bank and its partners:

  • Multinational Product Deployment: The ability to continue integration with Ecobank and potentially launch products across all or part of Ecobank’s pan-African ecosystem of 33 countries.
  • Service Provider Partnerships: Ecobank may select certain fintech companies as pan-African service partners in the Bank’s ecosystem.
  • Access to Ecobank’s pan-African banking sandbox: Fellows will be given access to Ecobank’s API to test and improve their products for the pan-African market.
  • Priority access to Ecobank’s venture capital partners for exploration funding.

Ade Ayemi, Chief Executive Officer, Ecobank Group, said “Ecobank believes that the only way to transform financial services in Africa is through the continued support and collaboration of pan-African banks like Ecobank, innovative fintech companies and start-ups. We invite and welcome Africa’s best fintech producers to work with us as part of the 2022 competition.”

Dr Tamisin Fashina, Head of Operations and Technology, Ecobank Group, said: “What’s unique about the Challenge is that it welcomes both early stage and mature Fintech startups and aims to match them with different types of partnership opportunities at Ecobank that match their maturity levels.”

The Ecobank Fintech Challenge was developed in partnership with the international consultancy Konfidants and is supported by partners in Africa and around the world. So far, 46 fellows have been accepted into the Ecobank Fintech Scholarship Program since its launch in 2017.

For more information about the competition, its benefits and how to apply, please visit

Distributed by APO Group on behalf of Ecobank.

Media contact:
Christian Boss
Group Corporate Communications Manager
email: [email protected]
Phone: +228 22 21 03 03

About Ecobank Transnational Incorporated (“ETI” or the “Group”):
Ecobank Transnational Incorporated (ETI) is the parent company of Ecobank Group, a leading independent pan-African banking group. The Ecobank Group employs approximately 13,000 people and serves more than 32 million customers in the consumer, commercial and corporate sectors in 33 African countries. The group has a banking license in France and a representative office in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, United Kingdom and Dubai, United Arab Emirates. The group offers a full range of banking products, services and solutions, including but not limited to digital banking and deposit accounts, loans, cash management, advisory, trading, securities, wealth and asset management. ETI is listed on the Nigerian Stock Exchange in Lagos, the Ghana Stock Exchange in Accra and the Regional Stock Exchange Valeurs Mobilières in Abidjan. For more information, visit

This press release was published by APO. The content is not under the editorial control of African Business and the content has not been checked or verified by our editorial teams, proofreaders or fact-checkers. The issuer is solely responsible for the content of this message.

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