Months after launching the Ecobank FinTech challenge, the organizers have decided to release the top 20 finalists for the competition, and they are:
Digi Teller (Ghana)
TEAM SAFEPAY (Kenya)
Wallettec (South Africa)
Invest Mobile (Ghana)
Wayagear Innovations Lagos (Nigeria)
Paylater OneFi (Nigeria)
Shield Finance (Kenya)
Circle Group Savings and Investment (Kenya)
Inclusive Financial Technologies (Ghana)
Electronic Settlement Limited(Nigeria)
General Marchant (United States)
Mi Nafa (Burkina Faso).
So what would they be getting for this?
1. Major start-up funding: worth up to US$500,000
2. Multinational product roll-out support: for the most commercially viable start-ups to launch their products across Ecobank’s 33 markets in Africa;
3. Service provider & ecosystem partner deals: for start-ups with deep capabilities to become service partners within Ecobank’s ecosystem;
4. Technical & mentoring support: during the one year fellowship period, fellows will benefit from technical support from Ecobank’s global network of technology leaders, fintech experts, investors and management coaches.
Now this isn’t all as together with all these, they would still get an opportunity to exhibit and pitch their products to a jury for the ‘Ecobank Africa Fintech Prize‘, which will reward the top innovator and two other runners-up. Apart from the main program they signed up for initially, the top three innovators will walk away with US$10,000, US$7,000, and US$5,000 respectively.