Ecobank Fintech Problem 2021: Ecobank Group Publicizes the Prime 5 Finalists

The finalists for the 2021 Ecobank Fintech Problem have been introduced by the Ecobank Group.

The fourth version of the problem is supposed to help Fintechs with Africa-focused merchandise in partnering with Africa’s largest pan-African group to deliver breakthrough monetary providers to Africans.

5 finalists have been chosen from numerous African international locations for this 12 months’s last.

The finalists will compete in a digital Finale subsequent month after rising from a aggressive pool of roughly 900 Fintechs that entered the 2021 Fintech Problem.

The next are the 2021 Finalists:

  • Anadata Restricted from Nigeria – developed Chota, an automatic Tackle Verification System that makes use of Massive Knowledge Evaluation to speed up the method whereas enhancing accuracy.
  • Motito from Ghana  – promotes monetary inclusion in Africa by means of their ‘purchase now pay later’ platform which permits small companies to supply interest-free credit score on the level of sale.
  • OKO FINANCE from Mali – provides new-generation index insurance coverage to smallholder farmers, which might be mobile-based and embrace entry to reasonably priced loans, climate alerts, and farming suggestions.
  • Fourthline Restricted from Kenya – developed Pollen which is designed to be a USSD ecosystem for conducting cross-telecom funds and financial savings for the unbanked.
  • Trove Finance, from Nigeria – constructed software program (APIs & Instruments) that enables African People and Monetary Establishments (Banks, Brokers, and Fund Managers) entry and commerce US & International shares

The Finalists will current their merchandise to a panel of judges, who will select the highest three most promising merchandise.

The highest three finalists will every earn a financial reward of $15,000, $12,000, or $10,000.

The entire finalists might be accepted into Ecobank’s Fintech Fellowship, the place they’ll spend six months investigating cooperation prospects with corporations comparable to:

  • Multinational Product Roll Out: A chance for eligible Fintechs to pursue collaboration with Ecobank and presumably launch merchandise in Ecobank’s 33 African markets.
  • Service Supplier Partnerships: An opportunity to associate with Ecobank on pan-African services roll out and undertake different joint ventures.
  • Mentoring and Networking Help: Entry to networking and mentoring alternatives throughout the Ecobank Group and its huge community of world and African companions.
  • Digital Providing integration: A chance for Fintechs to probably combine with Ecobank’s present digital choices.

“The 5 finalists on this 12 months’s occasion have displayed outstanding items from a aggressive group of roughly 900 submissions,” stated Tomisin Fashina, Group Government, Operations & Expertise, Ecobank Group.

I’d need to congratulate them personally and share my delight on the prospect of working with them to deliver their artistic concepts to life.”

The Ecobank Fintech Problem was created in collaboration with Konfidants, an advisory agency, and is sponsored by companions from throughout Africa and the world.

Extra data is obtainable on the Programme’s web site.

 

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