Five Kenyan Startups are among the 20 selected into participate in the finals of the Ecobank Fintech Challenge.
MobiTill, Team SAFEPAY, Greenshoe, Shield Finance, and Circle Group Saving and Investment have been selected in the competition that aims support startups to solve pressing challenges on the continent.
The competition was announced earlier this year, the Ecobank Fintech Challenge sought technology startups to build and deploy innovative fintech and banking solutions across the continent.
Ecobank has now announced the selection of twenty startups for the finals. They are listed below country by country.
Nigeria: PiggyBank, KUDI, Wayagear Innovations, Paylater, PurseNG, IroFit Technologies, Electronic Settlement Limited, and Social Lender.
Ghana: DigiTeller, Invest Mobile, and Inclusive Financial TechnologiesTechnologies.
South Africa: Wallettec
United States: General Marchant
Burkina Faso: Minafa
All the finalists will attend an award ceremony and an innovation fair at the global headquarters of Ecobank in Lomé, Togo next month where they’ll exhibit and pitch their products to a jury for the ‘Ecobank Africa Fintech Prize’.
The 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.