Ecobank Fintech Challenge: Nigeria’s Sawport and Sproutly Advance to Final Stage in Togo

In a remarkable display of innovation and excellence, two Nigerian Fintechs, Sawport Video Banking and Sproutly, have emerged as finalists in the prestigious Ecobank Fintech Challenge.

The Grand Finale, scheduled for September 27, 2024, at the Ecobank Pan African Centre in Lomé, Togo, promises to be an exciting culmination of the competition.

Out of over 1,550 applications from 70 countries, 12 finalists were selected, including the two Nigerian Fintechs.

Sawport Video Banking offers a video banking solution that enables financial institutions to deliver seamless customer service and accelerate financial inclusion.

Sproutly, on the other hand, provides comprehensive financial management, flexible credit packages, and advanced payment solutions for schools, students, and families.

Bolaji Lawal, Managing Director/Regional Executive, Ecobank Nigeria, congratulated the Nigerian Fintechs on their achievement, commending their hard work, creativity, and innovative solutions.

He expressed excitement at the potential of their solutions and reiterated Ecobank’s commitment to supporting them.

Nigeria has emerged as a fintech hub in Africa, consistently leading in the number of applications, finalists, and winners in the Ecobank Fintech Challenge.

This year’s achievement underscores the vibrant and innovative fintech ecosystem Ecobank has cultivated in the country.

The Ecobank Fintech Challenge serves as a premier continental platform for promoting innovation and collaboration between Fintechs and the pan-African Bank’s cross-border markets.

The challenge provides a unique opportunity for fintech entrepreneurs to address challenges such as reaching scale, navigating an uncertain regulatory environment, and managing scarcity of funding.

Since its inception, 60 fintech startups have been inducted into the Ecobank Fintech Fellowship, benefiting from financial rewards, Ecobank’s expertise in diversified market operations, and the right solutions to scale across its pan-African footprint and international presence.

As the two Nigerian Fintechs prepare for the final stage, they have the potential to make a significant impact on the fintech ecosystem, driving financial inclusion, and promoting innovative solutions for the African market.