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Ecobank Group CEO Jeremy Awori (left), during the launch of the Fintech Challenge. [Esther Dianah, Standard]

Ecobank has launched the seventh edition of its Fintech (Financial technology) Challenge, an annual competition for early-stage and mature startups across 35 African markets.

The competition, while calling for applications, has invited fintech startups to partner with Ecobank, offering a prize of Sh6.47 million ($50,000) and a chance to scale their solutions across Ecobank's extensive network spanning 35 African countries.

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