The Ecobank Group, headquarted in Lome, Togo, employs over 14,800 individuals and serves greater than 23 million clients within the shopper, business and company banking sectors throughout 33 African international locations. Launched in 2017, the Ecobank Fintech Problem is an annual aggressive programme for Fintechs to discover market integration alternatives with the Ecobank Group. The Ecobank Fintech Problem is designed in partnership with the advisory agency Konfidants and is supported by companions throughout Africa and globally.
The 10 finalists Fintechs from 7 totally different international locations, who emerged from a aggressive pool of over 600 fintechs, will take part in a web based finale scheduled for August 21, 2020. The 2020 Finalists are:
- SOUTH AFRICA (three corporations): At all times In-Contact Actual-time, Franc Group and Ukheshe Fee Options
- INDIA (one firm): Fluid AI
- GHANA (two corporations): Development Issue and Nokwary Applied sciences Restricted
- RWANDA (one firm): Leaf International Company
- IVORY COAST (one firm): Moja Experience
- MOZAMBIQUE (one firm): Papersoft S.A
- TANZANIA (one firm): PayChap
The finalists will pitch their merchandise to a jury for the cash prizes for the highest 3, worth $10,000 USD,
$7,000 USD, and $5,000 USD. All of the finalists can be enrolled into Ecobank’s Fintech Fellowship the place they
will spend the subsequent 6 months exploring partnership alternatives which incorporates:
- Multinational product roll out: A chance to pursue collaboration with Ecobank and probably
launch merchandise in Ecobank’s 33 African markets.
- Service supplier partnerships: An opportunity to turn into a pan-African service associate to Ecobank for
Fintechs with the qualities to turn into product companions and provide joint companies with Ecobank
- Mentoring and networking assist: Entry to networking and mentoring alternatives inside
the Ecobank Group and its huge community of world and African companions
- Integration with current Ecobank digital choices: A chance to probably combine with
Ecobank’s current digital choices.
Eddy Ogbogu, Group Government, Operations & Know-how mentioned, “We congratulate the 10 fintechs that
have made it to the 2020 Finals. That is a formidable solid of innovators and we sit up for the Closing
occasion the place we’ll honour them and probably construct productive collaborations.”
Ecobank Group has a banking license in France and consultant workplaces in Addis Ababa, Ethiopia;
Johannesburg, South Africa; Beijing, China; London, the UK and Dubai, the United Arab Emirates. The Group
affords a full suite of banking merchandise, companies and options together with bank and deposit accounts, loans,
cash administration, advisory, commerce, securities, wealth and asset administration.