Ecobanka leading pan-African financial services group, has announced Daba Financean Ivorian Fintech, as the Grand Winner of its flagship Ecobank Fintech Challenge 2024. The fintech took home $50,000 as their grand prize.
Details
Twelve (12) innovative fintech startups competed to impress the esteemed panel of five judges for the $50,000 prize. Judges, made up of renowned industry experts, evaluated the finalists based on criteria such as innovation, market potential, scalability and team strength.
Daba Finance took US$50,000 with its solution to make investing accessible to everyone by offering a single investment platform for trading stocks, bonds and other financial products.
The judges also awarded two additional fintechs whose solutions made a lasting impression. Melanin Capital from Kenya took second place, winning $10,000 and Fintech of Guinea YMO secured third place with US$5,000.
Between the Lines
For the first time, the general public was given the opportunity to vote for their favorite fintech and MiaPay from Togo won the ‘Public Choice Award’ for this year’s edition.
About the Event
The 12 finalists were carefully selected from a record 1,550 Fintech Challenge 2024 entrants from 70 countries, demonstrating the growing prominence of the competition in its seven years.
At the Ceremony, all finalists were enrolled in the prestigious Ecobank Fintech Fellowship program, which provides them with valuable exposure to investors and industry leaders, access to Ecobank’s Banking Sandbox to test and develop their innovative solutions, with the ability to scale across Bank large pan-African footprint.
What They Say
BOUM III JR, CEO of Daba Financeexpressed immense gratitude for the opportunity and recognition, stating:Winning this challenge drives our mission to make investment and wealth creation opportunities available to all. With Ecobank as our partner, we are accelerating the journey to make our innovation accessible to millions and bring economic empowerment to the continent.”
During his remarks, Jeremy Awori, Group Managing Director of Ecobank declare yourself “The African continent is a hotbed for fintech innovation globally and is constantly pushing the boundaries to improve convenience and create new digitally enabled capabilities. Ecobank’s Fintech strategy is focused on leveraging our borderless pan-African digital platform to deliver cutting-edge fintech solutions that will benefit millions of Africans. I am particularly proud of what we have achieved so far with fintechs through the annual Ecobank Fintech Challenge.“
He added: “I am very impressed by the quality of our twelve finalists’ field and want to congratulate Daba Finance for reaching the top of the podium. I look forward to seeing how our partnership will help them grow and scale.”
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