What is the Fintech Challenge?
Group Banque Centrale Populaire is launching the first edition of its Fintech Challenge!We look forward to collaborate with the most promising startups, in Africa and elsewhere, to co-build and implement innovative solutions to our key business challenges, in Morocco or in our sub-Saharan subsidiaries.
The Fintech Challenge offers to the selected startups the opportunity to boost their growth in the region, by working alongside one of the biggest financial groups in Africa.
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The fintech challenge fund is open to early stage companies active in Fintech as well as startups providing technology driven solutions within the Financial Services sector.
EFInA REQUEST FOR PROPOSALS ROUND 9
EFInA Fintech Challenge Grant Request for Proposals: Supporting new concepts to enhance
the uptake and usage of financial services by the low-income population
in Nigeria through leveraging on financial technology delivery channels
provided by the FinTechs.
EFInA
is pleased to announce its ninth request for proposals (RFP 9) for the
Fintech Challenge Grant which focuses on supporting new concepts to
enhance the uptake and usage of financial services by the low-income
population in Nigeria through leveraging on financial technology
delivery channels provided by the FinTechs.
Apply here: http://www.bcpfintech.com/en/#apropos
EFInA
recently launched a new Challenge Fund that will be used to pilot and
support the development of innovative financial products & services
through the use of digital technology.
In addition, this Challenge Fund
which comprises of the Fintech
Challenge Grant will fund projects that help strengthen financial
resilience in Nigeria by aligning innovation and modern technology with
the needs of the target audience.
The objectives of the EFInA Fintech
Challenge Fund are to provide financial services that are accessible to
everyone especially the low-income segment, improve customer experience,
enhance the transparency of financial services and increase the
adoption of financial services with reliable and affordable products.
In
addition, the major purpose of this fund is to target FinTechs with
innovative and cost-effective solutions to overcome the challenges or
obstacles hampering financial inclusion in Nigeria.
The funding information for the Fintech Challenge Grant are as follows:
$50,000 – $200,000
for Start-up FinTechs – Fintech Challenge 1 Grant
$200,000 – $500,000
for Growth stage FinTechs – Fintech Challenge 2 Grant
$50,000 – $200,000
for Start-up FinTechs – Fintech Challenge 1 Grant
$200,000 – $500,000
for Growth stage FinTechs – Fintech Challenge 2 Grant
The
impact of the financial technology wave is becoming broader with
emerging innovations. FinTechs would, therefore, need to leverage on the
opportunities in the Digital Financial Services space. Digital
Financial Services can be accessed via innovative technologies like
mobile-phone enabled solutions, electronic channels and digital payment
platforms.
Who can apply?
Eligible organisations are
start-up and growth stage Fintech Companies in Nigeria offering
innovative financial services solutions that promote financial inclusion
Applicant should be legally incorporated within Nigeria
Have the capacity to implement the proposed project for the applied funding and evidence that the business is viable
Applicant should have 2 Guarantors to provide a formal assurance, especially that all project conditions agreed by EFInA and Applicant will be fulfilled
The EFInA Fintech Challenge Fund is open to proposals around two thematic challenges and a special focus area. Individual projects may focus on one or multiple thematic areas. A clearly identified need or problem and a practical application of the proposed innovation will be important for a successful proposal
All proposals need to demonstrate a new or different approach which requires funding from the challenge fund to get off the ground, and the proposal should demonstrate why this could not be supported from the Applicant?s funding sources. Ensure that all approaches are scalable
All products and outputs should show a clear path to ultimately be operationalized on-the-ground.
Apply here: http://www.bcpfintech.com/en/#apropos
Applicant should be legally incorporated within Nigeria
Have the capacity to implement the proposed project for the applied funding and evidence that the business is viable
Applicant should have 2 Guarantors to provide a formal assurance, especially that all project conditions agreed by EFInA and Applicant will be fulfilled
The EFInA Fintech Challenge Fund is open to proposals around two thematic challenges and a special focus area. Individual projects may focus on one or multiple thematic areas. A clearly identified need or problem and a practical application of the proposed innovation will be important for a successful proposal
All proposals need to demonstrate a new or different approach which requires funding from the challenge fund to get off the ground, and the proposal should demonstrate why this could not be supported from the Applicant?s funding sources. Ensure that all approaches are scalable
All products and outputs should show a clear path to ultimately be operationalized on-the-ground.
Apply here: http://www.bcpfintech.com/en/#apropos
