Ivorian startup Daba makes final of Ecobank Fintech Challenge 2024
TLDR
- Daba, a multi-asset investment infrastructure provider, reaches the final of the Ecobank Fintech Challenge 2024
- The Ecobank Fintech Challenge offers a grand prize of $50,000 and entry to the Ecobank Fintech Fellowship program
- Daba now has the chance for partnership opportunities with Ecobank, including product integration and access to their Pan-African network
Daba, a multi-asset investment infrastructure provider, has made the final of the Ecobank Fintech Challenge 2024 scheduled to take place on September 27, 2024, in Lome, Togo.
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 $50,000 and the opportunity for finalists to join the Ecobank Fintech Fellowship program.
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.
Key Takeaways
A McKinsey report highlights the ongoing challenges that fintech start-ups in Africa face, despite the rapid growth of the sector on the continent. Issues such as scaling operations, dealing with a complex and often uncertain regulatory landscape, and securing funding are significant hurdles for many of these companies. The Ecobank Fintech Challenge emerges as a pivotal platform designed to help fintech entrepreneurs overcome these obstacles. Since its inception six years ago, the Ecobank Fintech Challenge has drawn over 5,500 participants from 64 countries, enrolling 60 fintech start-ups into the Ecobank Fintech Fellowship.
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