In an exciting display of fintech innovation, Daba Finance, an Ivory Coast-based financial technology company, has clinched the top prize at the 2024 Ecobank Fintech Challenge. The competition, which seeks to spotlight and empower innovative African fintech solutions, saw Daba Finance take home a grand prize of $50,000, cementing its place as a key player in Africa’s fintech landscape.
Organized by Ecobank, one of Africa’s leading pan-African financial institutions, the challenge featured a competitive roster of startups from across the continent. Among the winners, Kenya’s Melanin Kapital secured second place, earning $10,000, while Guinea-based fintech YMO came in third, receiving $5,000.
For the first time, the 2024 edition introduced a “Public Choice Award,” where the general public voted for their preferred fintech. MiaPay, a startup from Togo, was awarded this honour, further expanding the platform for community engagement in recognizing fintech innovation.
Reflecting on the victory, Daba Finance CEO BOUM III JR emphasized how winning the challenge accelerates their mission. "This achievement propels our goal of democratizing investment and wealth-building opportunities for all Africans. With Ecobank as our partner, we are more committed than ever to bringing financial empowerment to millions across the continent."
The Ecobank Fintech Challenge continues to be a driving force for technological advancement in Africa, providing startups with opportunities to grow, scale, and transform the financial services industry across the region.
Play audio
No comments