The Ecobank Fintech Challenge, an annual event that recognises and promotes groundbreaking African fintech startups, has unveiled its finalists for 2023.
Now in its sixth edition, this year’s competition has attracted its highest-ever number of applications, indicating the escalating influence of fintech in shaping the financial landscape.
More than 1,400 fintech startups from 64 countries across Africa and beyond applied for this year’s Ecobank Fintech Challenge – more than double compared to last year’s 703 applications received from 59 countries.
The challenge has now narrowed down to eight finalists who will compete for the coveted top prize of US$50,000 at the Grand Finale, scheduled to take place at the Ecobank Pan African Centre in Lomé, Togo, on 6 October 2023.
The contenders
Among the finalists is Flexpay Technologies from Kenya, which offers a merchant-embedded saving-based purchase experience called ‘Save Now, Buy Later’. South African startup IPOXCap AI introduces FinanceGPT, a platform that processes structured and unstructured financial data to provide…