On the re-opening of SLPP Office … “We would never encourage violence” John Benjamin...

Sierra Leone Business: Invest-ED reaches the top 11 at Ecobank’s Fintech Challenge 2018

2017 Bank of Sierra Leone Fintech Challenge winner, Invest-ED Sierra Leone have been selected as one of the eleven finalists in the Ecobank Fintech Challenge 2018.
In a statement, Ecobank Sierra Leone said they are ecstatic over the fact that a Sierra Leonean Fintech start-up InvestED, is among the finalists in Ecobank’s Fintech Challenge for 2018.
“Kudos to you for making Sierra Leone proud. You have demonstrated that we can also compete and hold our own alongside other great African nations and contribute to knowledge and innovation” the Bank said.
The Bank has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology start-ups. An Innovation Fair & Awards ceremony will honour the start-ups on August 30, 2018 at the global headquarters of Ecobank in Lomé, Togo.
The ten selected will go through a phase of pitches and a panel of judges will select the top three and award them $10,000 (first), $7,000 (second), and $5,000 (third). The finalists selected are Lypa (Kenya), Wallet.ng (Nigeria), Nala (Tanzania), Litee (Benin), SESO Global (South Africa), InvestED (Sierra Leone), Eversend (France), Secapay (Nigeria), Virtual Identity (South Africa), MojiPay (Togo), Awamo (Germany).
At the ceremony, the start-ups will exhibit and pitch their products to a jury for the Ecobank Africa Fintech Prize, which will be awarded the top innovator and two runners-up. The top three innovators will win cash prizes worth US$10,000, US$7,000, and US$5,000 respectively.
After the Awards ceremony, Ecobank will enroll all eleven finalists into the Ecobank Fintech Fellowship. The Fellowship will run for a period of six months during which Ecobank Fintech Fellows will benefit from an opportunity to further explore partnerships with the Ecobank Group.
The Challenge’s contestants were said to have been in one of the following categories, Remittances/Digital Sales/Marketing Offline mobile to mobile payments, Digital Onboarding/ Account Opening/ KYCSME Intra-Africa Trade Platform Multi-Channel Corporate Payments/ Collections Ecosystems.
Speaking about the finalists, Group CEO of Ecobank, Ade Ayeyemi, stated, “at Ecobank our digital strategy is spectacularly successful and has changed the landscape of African banking, so it goes without saying that we see fintech as a vital component for the economic transformation of the continent and the prosperity of its citizens. We want to do all we can to encourage the next generations of fintech entrepreneurs as they will be a driving force in propelling Africa into a globally competitive power in commercial services, enjoying significantly increased market share.”
By Zainab Iyamide Joaque
Monday August 13, 2018.

Comments are closed.