African fintechs vie for $50k prize in Ecobank challenge

The African fintech industry is abuzz with excitement as the grand finale of the 2023 Ecobank Fintech Challenge approaches, set to take place at the Ecobank Pan African Conference Centre in Lomé, Togo, on Friday, 6 October 2023. The event will witness the convergence of leading fintech players, regulators, investors, and industry experts from across Africa.

The grand finale, which will be livestreamed for global participation, aims to crown the winner of the prestigious $50 000 Ecobank Fintech Challenge prize. More than just a competition, the event serves as a platform for fostering innovation, collaboration, and dialogue within the African fintech ecosystem.

Out of a staggering 1 490 fintech applicants spanning 64 countries, eight finalists have emerged to compete for the title and the largest no-strings-attached fintech cash award in Africa. These finalists include Flexpay Technologies from Kenya, IPOXCap AI from South Africa, Kastelo from South Africa, Koree from Cameroon, Kori Tech from Senegal, SmartTeller Technologies from Nigeria, Rubyx from Belgium & Senegal, and Wolf Technologies from the Democratic Republic of Congo.

In addition to the cash prize, all finalists will be inducted into the Ecobank Fintech Challenge Fellowship Programme, an invaluable opportunity for networking, mentorship, and industry exposure.

A celebration of innovation and collaboration

Beyond the competition, the grand finale promises a plethora of activities and discussions. The event is set to feature a fintech innovation exhibition, thought-provoking panels on innovation and regulation, an intensive fintech bootcamp, networking sessions, investor interactions, and regulatory dialogues.

Moreover, the presence of renowned sponsors such as Arise, Huawei, Asky Airlines, Proparco, and Jeune Afrique Media Group further underscores the significance of this event in the fintech landscape.

The 2023 Ecobank Fintech Challenge has garnered support from a variety of esteemed partners, including ALX Africa, ABAN Angels, Africa Fintech Network, MEST Africa, Bluespace, Naija Startups, Jeune Afrique, TechCabal, and Konfidants. Such collaboration underscores the importance of fostering innovation and collaboration not only within Africa but also on a global scale.

Individuals passionate about fintech innovation are encouraged to participate in this groundbreaking event. Whether attending virtually or in person, participants can register at EcobankFintechChallenge.com to witness first-hand the innovative ideas and solutions that could shape the future of finance in Africa and beyond.

READ NEXT: Global expansion: Stitch secures $25m Series A extension