Following the rise in the need for financial solutions in Africa, the Ecobank has challenged developers, programmers and FinTech innovators all over Africa to join forces in combating the continent’s most pressing banking issues, and proffer lasting solutions that would transform Africa’s finance through technology and innovation.

Asides the chance to win up to $500,000 funding, the Ecobank FinTech Challenge affords applicants benefits such as partnership with the bank, full Pan-African visibility, multi-national exposure and the list goes on.

All African startups and technology innovators are eligible to apply for the challenge. They are to choose from different areas of interest as listed on the website and build a demo to serve as prototype — applicants without demo would be disqualified.

A total of 20 teams will be selected to pitch at the bank’s Innovation Fair, which will be held at the global headquarters of Ecobank in Lomé in May, 2017.

Interested participants can apply here. Applications close on April 14, 2017.