The banking group invites African entrepreneurs in the Fintech sector to join the 2021 edition of the Ecobank Fintech Challenge competition, the fourth of its kind. Applications are open to start-ups and developers from all 54 African countries, as well as international fintechs with Africa as their anchor until September 20, 2021.

The Ecobank Fintech Challenge competition is part of the bank's commitment to promote the rise of digital by giving African start-ups the opportunity to showcase their fintech solutions. The objective that the banking group wishes to achieve with this competition is to defend digitization. The institution says that following the award ceremony scheduled for November 2021, potential candidates will have the opportunity to partner with Ecobank to deploy their solutions in the 33 African markets that the bank covers and beyond. of the. Ade Ayeyemi, Group Managing Director, Ecobank, reiterated Ecobank's commitment to driving innovation on the continent, emphasizing, “The global impact of Covid-19 has heightened the need to digitize and transform Bank transactions. Therefore, he adds, as a banking group, we are more convinced than ever that innovation and technology are the future of banking and we reaffirm our unwavering commitment to identify and support developers. the most promising from Africa; to promote their solutions and improve our services through the Ecobank Fintech Challenge competition. All the selected finalists will be inducted into the Ecobank Fintech scholarship after the finals and awards ceremony scheduled for November 2021. In this sense, the bank's press release points out, the first three winners will receive a cash prize, i.e. $15,000, $12,000 and $10,000 respectively.