Ivorian fintech startup Daba Finance has claimed victory in the 2024 Ecobank Fintech Challenge, taking home the top prize of $50,000. This annual competition, hosted by Ecobank, Africa’s leading independent banking group, showcases innovative fintech solutions across the continent.
Ecobank’s Pan-African Reach
Ecobank serves over 32 million customers across consumer, commercial, and corporate banking in 35 African nations. The Ecobank Fintech Challenge, now in its seventh edition, provides a platform for both emerging and established fintech startups to partner with the bank across its extensive network in 33 countries.
Fierce Competition Among Leading Fintech Startups
This year’s challenge featured 12 cutting-edge startups, all competing for the coveted prize and the opportunity to collaborate with Ecobank. Daba Finance stood out from the competition with its platform, which democratizes investment by offering a hub for trading financial instruments like stocks and bonds, making investing more accessible to a wider audience.
Recognizing Excellence in Fintech Innovation
While Daba Finance secured the top spot, other innovative fintechs were also recognized. Melanin Kapital from Kenya took second place, winning $10,000, and Guinean startup YMO claimed third place, earning $5,000.
Public Choice Award Debuts
For the first time, the Ecobank Fintech Challenge included a “Public Choice Award,” allowing the public to vote for their favorite fintech. Togo’s MiaPay captured the public’s attention, earning the special recognition for 2024.
Daba Finance’s win, alongside the recognition of other outstanding fintechs, highlights the growing influence of fintech innovations in driving financial inclusion and investment opportunities across Africa.
Source: Innovation Village