The Fintech Challenge 2021 Has Been Opened For African Fintech Startups


Aug. 12, 2021, 12:46 p.m.

Ecobank Group has opened the fourth cohort of its Fintech Challenge for Africans who have innovative solutions to champion financial growth in Africa.

The fintech challenge is part of the pan-African group’s effort to accelerate digitization and financial inclusion in Africa with support from Advisory Firm Konfidants, ACCION, Catalyst Fund, Nedbank VC, and Cellulant.

On account of this, fintech startups can partner with Ecobank to scale their solutions across Ecobank’s 33 African markets as well as its international operations in France.

Applications have opened for entries from all startups in any of Africa’s 54 countries and global Africa-centered Fintechs.

Ade Ayeyemi, CEO of Ecobank Group, mentioned that its dedication to supporting innovation across the continent became necessary due to the impact of the pandemic.

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“The global impact of Covid-19 has accelerated the dire necessity to digitize and transform banking operations. As a banking group, we are convinced now more than ever that innovation and technology are the future of banking and, therefore, reaffirm our continuous commitment to identify and support Africa’s brightest developers to promote their solutions and help improve our services through the Ecobank Fintech Challenge”.

For their efforts, all selected finalists will be inducted into the Ecobank Fintech Fellowship following the Finals and Awards ceremony slated for November 2021. The induction also affords them opportunities to explore deals, integration, and partnerships with the Ecobank group

The top three startups will receive cash prizes worth $15,000, $12,000 and $10,000 respectively.

Applications are opened till 20 September 2021.


tag: Africa, startups, Ecobank, Fintech,


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Verny loves to write poetry, fiction and quotes. Her love for writing landed her in journalism. She loves gadgets and travelling to explore new places.