Category Archives: business funding

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ECO BANK FINTECH CHALLENGE FOR STARTUPS

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Application Deadline: 7 July, 2024

LOCATION: Nigeria

The Ecobank Fintech Challenge is open to all startups with innovative solutions addressing the needs of the African population and its diaspora. It has been created with two objectives in mind:

Identify and support Fintechs that are ready to scale up with resources, funding, partnerships, etc. in Ecobank’s 33 African markets.

Leverage these pan-African Fintech success stories and the solutions they offer to improve Africa’s financial integration and economic development.

ELIGIBILITY:

The Challenge is the ideal launchpad for African Fintech innovators and startups to scale up to the next grand level with full support from Ecobank. It brings together a diverse pool of Africa-focused innovations to solve Africa’s financial inclusion pain points.

All Fintech with relevant financial products for Africa are eligible to apply.

You can enter more than one Fintech product in the competition. However, each product applied must be distinct. You should not submit two products in one application form. Each product must enter as a separate application.

You can participate in the challenge if your Fintech is not based in Africa. However, you must have an African-focus financial product.

BENEFIT:

Commercial partnership and integration opportunities to access and launch products across Ecobank’s 33 African markets

Business acceleration and capacity building support along with the opportunity to be a country-level partner in Ecobank’s ecosystem

Support of a dedicated team to carry out Ecobank’s API tests and enable better integration of Fintech products in the pan-African market

Easy access and relationship building with global and African accelerators, potential investors and mentors because of Ecobank Fintech Fellowship

$50,000 no-strings attached cash prize support to the winning company along with more cash prizes to the top three winners

Launchpad to leverage our existing products such as Omni, Electronic Financial Supply Chain (eFSC), Xpress, Mobile App, MasterPass™ QR, mVISA™ & mCash, etc.

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GLOBAL IMPACT CASH GRANT PROGRAM

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LOCATION: Multiple Regions

Cisco welcomes applications for Global Impact Cash Grants from social impact partners around the world who share our vision and offer an innovative approach to a critical social challenge.

ELIGIBILITY:

Organizations within the United States must be recognized by the Internal Revenue Service (IRS) as tax exempt under Internal Revenue Code Section 501(c)(3) and classified by the IRS as a public charity.

Organizations from outside the United States must provide information and documents to determine whether the organization is the equivalent of a U.S. public charity.

Organizations to be funded must serve an audience greater than 65 percent economically underserved relative to the average standards of the target geography.

Organizations and programs must focus on at least one of our social investment areas: crisis response, education, economic empowerment, and/or climate impact and regeneration.

For education, crisis response, and economic empowerment proposals, we will also consider proposals that address environmental sustainability within the context of that investment area. For example, we would consider funding an economic empowerment program that specifically focuses on creating green jobs.

An organization’s overhead is not to exceed 25 percent. (Organizations are occasionally exempt from this requirement; however, they must be exceptionally aligned with Cisco’s values and criteria, and they must clearly explain and justify their overhead costs. Exemptions to the requirement on overhead expenses are determined on a case-by-case basis.) Cisco Foundation does not tend to make grants to colleges and universities. In the case that such a grant may be made, Cisco Foundation does not support additional institutional overhead rates for colleges and universities.

BENEFIT:

The maximum request amount for first-time grant recipients is US$75,000

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