*Data updated daily at 18:00 EAT
Cameroonian fintech startup Koree has won USD 50 K in cash after winning top prize at the annual Ecobank Fintech Challenge. The fintech is also the first ever female-led winner of the challenge. Wolf Technology from the Democratic Republic of Congo (DRC) came in second, winning USD 10 K, while Kenya’s Flexpay Technologies was the second runner-up.
The three startups, and the other five finalists, have also been inducted into the Ecobank Fintech Fellowship. The Fellowship offers fintech companies the opportunity to explore potential commercial partnerships with Ecobank, including the possibility of seamless integration with the bank’s platforms and the potential for scaling up their fintech ventures across Ecobank’s 35 African markets.
Koree allows consumers to digitally collect their spare change from cash retail payment roundups, and earn cashback from stores and brands across multiple categories. The startup won for its card wallet payment solution that digitises merchant payments.