Daba Emerges Winner of 2024 Ecobank Fintech Challenge

This win validates our mission to empower both retail and institutional investors by providing seamless access to diverse investment opportunities across Africa.

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Abidjan, Côte d’Ivoire – September 28, 2024 – Daba, Africa’s pioneering multi-asset investment infrastructure provider, has emerged victorious in the highly competitive Ecobank Fintech Challenge 2024. The final event, held Friday, September 27 at the Ecobank Pan African Center in Lomé, saw Daba clinch the top spot, securing a grand prize of US$50,000 and earning a place in the esteemed Ecobank Fintech Fellowship program.

The 7th edition of the Ecobank Fintech Challenge attracted a diverse array of early-stage and mature fintech startups from across the continent, all vying for the opportunity to partner with Ecobank, the leading pan-African banking group. Daba’s innovative approach to democratizing investing in Africa and emerging markets set it apart from the competition.

Boum III Jr, CEO and Co-founder of Daba expressed his enthusiasm about the win: “This victory is a testament to our team’s dedication and the transformative potential of our platform. Winning the Ecobank Fintech Challenge validates our mission to empower both retail and institutional investors by providing seamless access to diverse investment opportunities across Africa. We are excited to collaborate with Ecobank and leverage their extensive pan-African network to scale our offerings and drive financial inclusion across the continent.”

As the winner, Daba will now have the opportunity to explore various partnership possibilities with Ecobank. These could include potential product integration, access to Ecobank’s pan-African banking network spanning 35 sub-Saharan African countries, and exposure to Ecobank’s commercial and service provider partnerships.

The Ecobank Fintech Challenge, known for its rigorous selection process, has been a launchpad for numerous successful fintech innovations since its inception. This year’s competition saw participation from over 5,500 contestants representing 64 countries, underscoring its significance in the African fintech ecosystem.

Daba’s unified investment platform offers a comprehensive suite of products designed to cater to a wide range of investors. These include a real investing app for individual investors and investing communities, Daba for Institutions serving fund managers and professional investors, Daba for Issuers connecting capital seekers with potential providers, Daba APIs and SDK for tech companies to integrate savings and investing products, and Daba Pro, which provides advanced investment intelligence and analytics.

This win positions Daba at the forefront of Africa’s fintech revolution, reinforcing its commitment to bridging the capital-to-opportunity mismatch in African markets. By providing reliable information, transparency, and ease of investing across the continent, Daba is poised to play a pivotal role in driving economic growth and fostering sustainable development in Africa.

About Daba

Founded in 2021, Daba is Africa’s premier multi-asset investment and financing platform. Dedicated to unlocking the continent’s full investment potential, Daba provides a unified platform where individuals and institutions can access high-quality investment opportunities across African markets. By offering liquidity and trade execution to both retail and institutional investors, Daba aims to democratize investing in African markets and connect African companies with the capital they need to succeed.