Daba Advances To Final of Ecobank Fintech Challenge 2024

Daba has the opportunity to explore partnership possibilities with Ecobank, including product integration and access to a pan-African banking network.

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Abidjan, Côte d’Ivoire – August 15, 2024: Daba, Africa’s first multi-asset investment infrastructure provider, is proud to announce its advancement to the finals of the prestigious Ecobank Fintech Challenge 2024. The final event is scheduled to take place on September 27, 2024, in Lome, Togo.

Ecobank, the leading pan-African banking group, operates in 35 sub-Saharan African countries and has a presence in France, the United Kingdom, United Arab Emirates, and China. With over 14,000 employees serving more than 32 million customers, Ecobank offers a wide range of financial products and services. 

The Ecobank Fintech Challenge, now in its 7th edition, is a competition that invites early-stage and mature fintech startups to partner with the bank, offering a grand prize of US$50,000 and the opportunity for finalists to join the Ecobank Fintech Fellowship program.

Daba is a unified investment platform designed to democratize investing in Africa and emerging markets. The company offers a comprehensive suite of products including the real investing app for individual investors and investing communities, Daba for Institutions serving fund managers and professional investors, Daba for Issuers connecting issuers with potential capital providers, Daba APIs and SDK for tech companies to integrate savings and investing products, and Daba Pro providing advanced investment intelligence and analytics for retail and professional investors.

Daba’s mission is to empower retail and institutional investors by providing seamless access to diverse investment opportunities across Africa. The platform aims to offer a user-friendly interface with clear and comprehensive information for all investments, ensuring transparency and reliability through robust security and compliance measures.

“We are thrilled to have reached the final stage of the Ecobank Fintech Challenge 2024. This validates our mission to empower retail and institutional investors by providing seamless access to diverse investment opportunities across Africa,” said Boum III Jr, CEO & Co-founder of Daba. “We look forward to showcasing how Daba’s innovative solutions can contribute to the democratization of investing in African markets and potentially collaborate with Ecobank to scale our offerings.”

As a finalist, Daba now has the opportunity to explore various partnership possibilities with Ecobank, including potential product integration, access to Ecobank’s Pan-African Banking network, and exposure to Ecobank’s commercial and service provider partnerships.

About Daba

Established in 2021, Daba Finance is Africa’s premier multi-asset investment and financing platform, dedicated to unlocking the continent’s full investment potential. Through a unified platform, individuals and institutions can access high-quality investment opportunities across African markets, driving economic growth and fostering sustainable development.

By providing liquidity and trade execution to retail and institutional investors, Daba offers a range of features, including reliable information, transparency, and ease of investing across the continent. The platform is dedicated to bridging the capital-to-opportunity mismatch, enabling investors to access Africa’s investable opportunities while helping African companies access the capital they need to succeed.

About Ecobank

Ecobank Group is the leading private pan-African banking group with unrivaled African expertise. Its unique pan-African platform provides a single gateway for payments, cash management, trade, and investment. Ecobank offers Consumer, Commercial, Corporate, and Investment Banking products, services, and solutions across multiple channels to its diverse customer base. 

The Ecobank Fintech Challenge is part of Ecobank’s commitment to supporting innovation in financial technology across Africa and fostering partnerships that can drive financial inclusion and economic growth in the continent. Over the past six years, the Challenge has attracted over 5,500 participants from 64 countries, and enrolled 60 fintech startups in the Ecobank Fintech Fellowship, resulting in 15 partnerships that are either live or under integration. 

For more information about Daba and its offerings, visit www.dabafinance.com.