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

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In a significant achievement for Nigeria's fintech sector, Sawport Video Banking and Sproutly have been named as finalists in the prestigious Ecobank Fintech Challenge. The Grand Finale, set for September 27, 2024, at the Ecobank Pan African Centre in Lomé, Togo, will mark the culmination of the competition, promising a thrilling showcase of innovation.

Out of over 1,550 applications from 70 countries, only 12 fintech startups made it to the final round, with Sawport Video Banking and Sproutly representing Nigeria. Sawport Video Banking is known for its cutting-edge video banking solution, which enables financial institutions to provide seamless customer service and promote financial inclusion. Sproutly offers comprehensive financial management services, including flexible credit packages and advanced payment solutions for schools, students, and families.

Bolaji Lawal, Managing Director/Regional Executive of Ecobank Nigeria, congratulated the Nigerian fintechs on their achievement, praising their hard work, creativity, and innovative contributions. He expressed excitement about the potential impact of their solutions and reaffirmed Ecobank’s commitment to supporting them.

Nigeria has consistently been a leader in Africa's fintech industry, with a strong track record of producing top contenders and winners in the Ecobank Fintech Challenge. This year’s success highlights the dynamic and innovative fintech ecosystem that has developed in the country, nurtured by platforms like Ecobank.

The Ecobank Fintech Challenge is a premier platform that fosters innovation and collaboration between fintech startups and Ecobank’s extensive cross-border markets across Africa. The challenge offers fintech entrepreneurs the opportunity to address critical challenges such as scaling their businesses, navigating complex regulatory environments, and overcoming funding shortages.

Since the challenge's inception, 60 fintech startups have been inducted into the Ecobank Fintech Fellowship, reaping the benefits of financial rewards, access to Ecobank’s extensive market expertise, and opportunities to scale across its pan-African network and beyond.

As Sawport Video Banking and Sproutly advance to the final stage of the competition, they have the potential to significantly influence the fintech landscape, driving financial inclusion and promoting innovative solutions across Africa.