Nigeria, Kenya, Ghana tech startups make final list of Ecobank competition

shakirudeen taiwo

May 31, 2017 11:09 AM

Nigerian tech startups dominate the list with 8 startups, while Kenya had 5 startups and Ghana 3 startups.

EcoBank Fintech Challenge

One of the leading Pan-African financial institutions, Ecobank Transnational Incorporated, has announced 20 startups as the finalist of its Ecobank Fintech Challenge.

Earlier in the year, Ecobank announced the launch of the $500,000 Fintech Challenge which is aimed at encouraging innovation technology-based solutions to pressing banking related problems in Africa.

According to information released by the bank, the applications and assessments phases of the challenge have been completed. Hence, the release of the list of the finalists on a country by country basis.

Nigerian tech startups dominated the list with 8 startups, while Kenya had 5 startups and Ghana 3 startups.

Other countries such as South Africa, Algeria, United States and Burkina Faso had one startup each.

The first, second and third postion winners will receive US$10,000, US$7,000, and US$5,000 respectively, and qualify for a partnership opportunity with Ecobank Group that’ll fetch US$500,000 in further funding, mentorship and networking support, and other benefits.

Shortlisted startups are expected to pitch their products to a jury of the Ecobank Fintech Challenge during a ceremony which is scheduled to hold at the bank’s Headquarters in Lome, Togo.

shakirudeen taiwo

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng