The 2024 Ecobank Fintech Challenge has concluded, showcasing innovative financial technology solutions from across Africa. In a testament to the thriving fintech ecosystem on the continent, Ivorian startup Daba Finance has claimed the coveted top prize, securing a substantial $50,000. This victory underscores the critical role fintech plays in driving financial inclusion and economic growth across Africa, a continent where access to financial services remains a key challenge.

The competition saw intense participation from a diverse range of African fintech companies. Melanin Kapital, a neobank from Kenya, secured the second-place position and a prize of $10,000, demonstrating the burgeoning fintech scene in East Africa. YMO, a fintech company from Guinea, took third place, earning $5,000. A unique aspect of this year’s challenge was the introduction of a public vote, providing the general public with an opportunity to express their support for their favorite fintech. MiaPay, a fintech from Togo, emerged as the winner of the “Public Choice Award,” highlighting the impact of community engagement in fostering innovation. Daba Finance’s CEO, BOUM III JR, expressed his profound appreciation for the recognition, emphasizing how the win will accelerate the company’s mission to broaden access to financial opportunities. This success will allow Daba Finance to focus on its mission to make investing and wealth-building opportunities available for all.

The Ecobank Fintech Challenge is a crucial platform for recognizing and supporting innovative financial technology companies. By awarding substantial prizes and providing exposure, Ecobank is actively contributing to the growth and development of the African fintech landscape, fostering a more inclusive and accessible financial future for the continent.

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