The Ecobank Fintech Challenge by Ecobank Transnational Incorporated (Ecobank) aims
to facilitate the development of innovative Fintech and banking related solutions that
address one or more of the challenges as set out below. The following are the terms
upon which you may participate in the Ecobank Fintech Challenge (Challenge). By
participating in the Challenge, entrants agree to be bound by, and are deemed to have
read and understood these Terms and Conditions (Terms).
Ecobank Fintech Challenge consists of three main phases:
All Africa based fintech start-ups are eligible to apply to the fintech challenge. For an application to be considered valid, it must meet all the requirements stipulated on the Application Forms. Only shortlisted applicants will be contacted at the end of the evaluation period.
Each Entry must be of applicant’s own creation. Participation warrants that the Entry is
and will be the applicant’s own original work and does not and will not infringe the
intellectual property or proprietary rights of any third party, including, without limitation
to, any third-party patents, copyrights or trademarks.
Applicants hereby agree not to initiate, back, maintain or sanction any action, claim or lawsuit against Ecobank or any other person, on the grounds that any use of an applicant’s Entry, infringes any of participant’s rights as creator of the Entry, including, without limitation, trademark rights and copyrights.
Teams are to submit applications addressing one or more of the following challenges:
A panel of experts will be responsible for judging applications. The panel will be
responsible for the assessment, grading and selection of finalists.
Applications will be shortlisted based on (among other things) the following judging rubric:
All intellectual property rights in the ideas and applications of an applicant shall remain
vested in the applicant who owns them. Any third party intellectual property rights shall
remain vested in the third party or third parties who own them.
Third party intellectual property rights must be clearly identified by the participants as well as the applicable terms of license and other details relating to use of same.
Ecobank accepts no liability for any disagreement among applicant’s team members regarding ownership of any Intellectual Property Rights contained in any entry including, without limitation, the winning entry or for any inaccurate or incorrect information supplied or relied upon by any entrant during the Challenge.
Ecobank’s goal is to use this platform to not only support and collaborate with African start-ups but to showcase and publicize them as well. For this reason, founders and members of selected finalists agree to provide (or allow to be taken) photographs/videos for marketing/promotional purposes of the Challenge and to make themselves reasonably available to Ecobank for the purposes of promotion and publicity of both their start-ups and the Challenge for a period of twelve (12) months following the end of the event.
All finalists will be inducted into the Ecobank Fintech Fellowship and as Fellows will have the chance to explore a set of opportunities and possible partnerships with Ecobank including: