Ecobank Fintech Challenge is a pan-African innovation competition and business partnership offering by Ecobank. It is designed to inspire, support and partner African Fintechs, with an aim to expand the reach of innovative Fintech and banking related products.<\/p>\n
The Ecobank Fintech Challenge identifies and partners Fintechs that are ready to scale and provides them with support and access to opportunities in Ecobank\u2019s 33 African markets. The goal? To contribute to their growth as potential Pan African Fintech success stories.<\/p>\n
The Challenge offers opportunities for Fintechs to potentially integrate with Ecobank\u2019s existing digital offerings. The existing digital offerings include Ecobank Omni, Ecobank electronic financial supply chain(eFSC), Ecobank Xpress, Ecobank Mobile APP or USSD, MasterPass\u2122 QR, mVISA\u2122 & mCash, etc. You can learn more about these platforms HERE. They\u2019d like applicants to pitch them how your solutions can add value to these existing Ecobank digital offerings.<\/p>\n
The Ecobank\u2019d be happy to learn how you can help them solve problems around:<\/p>\n
Offline mobile to mobile payments (Dead Zones)
\nIncreasing the payment wallet size within the African context.
\nWhat kind of Solutions they are looking for?
\nTeams are to submit applications addressing one or more of the following challenges<\/p>\n
Customer experience
\nImprovement of customer experience both online and at the branch
\nDigital solutions using analytics\/customer insights and AI to offer tailored adverts
\nAcceleration of resolution process
\nDigitization of customer journey
\nCredit Scoring
\nDigital customer onboarding (Consumers, SME\/Merchant, Investment Banking
\nIncreasing the payment wallet size across their network
\nEcosystem aggregation
\nSME\/Merchants onboarding on payment integration
\nNiche merchant aggregation
\nProvide easy access to non-smart phone users
\nFinancial Inclusion
\nDigital customer onboarding (Consumers, SME\/Merchant, Investment Banking)
\nIncreasing the payment wallet size across their network Ecosystem Aggregation
\nEcosystem Aggregation
\nSME\/Merchants onboarding and payment integration
\nNiche merchant aggregation through tailored solutions per sector
\nSeamless access to Ecobank services for non-smart phone users
\nFacilitate mobile collections with merchants that enable synchronization and consolidation with their Xpress point system
\nInternal tools
\nDigital solutions which improve sales force performance
\nAgency banking solutions that broaden their scope of services
\nPayments
\nOffline mobile to mobile payments (Dead Zones)
\nIncreasing the payment wallet size within the African context
\nor Any other relevant product categories.<\/p>\n
Benefits
\nMultinational product roll out:
\nOnce in a lifetime opportunity to pursue integration with Ecobank and potentially launch products in Ecobank\u2019s over 30 markets across Africa.
\nCompetition Cash prizes:
\nThe ultimate winner will be awarded a cash prize of $50,000.
\nService provider partnerships:
\nStart-ups may be selected by Ecobank as local country-level partner in any of Ecobank\u2019s 33 country ecosystem.
\nAccess to Ecobank\u2019s Pan-African Banking Sandbox:
\nFellows will be given access to a dedicated team to support on the Ecobank\u2019s APIs test to enable them improve their products for the pan-African market.
\nMentoring and networking support:
\nFounders will be inducted as Ecobank Fintech Fellows, granting them access and relationships to a vast network of global and African Accelerators and potential Investors, referrals to Ecobank non-bank client ecosystem for potential partnerships, as well as mentors.
\nIntegration With Existing Ecobank Digital Offerings:
\nThe Challenge offers opportunities for Fintechs to potentially integrate with Ecobank\u2019s existing digital offerings.
\nEligibility Criteria
\nAll Fintechs with an Africa-Focused or Africa relevant product are eligible to apply to the fintech challenge.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Ecobank Fintech Challenge is open to all Fintechs on the African continent. Interested Fintechs can apply by sending details of their product as well as a demo.<\/p>\n","protected":false},"author":12963,"featured_media":16347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,21],"tags":[7,26,22],"class_list":{"0":"post-16350","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-technology","9":"tag-apie-project","10":"tag-news","11":"tag-technology"},"yoast_head":"\n