The announcement was made at the Grand Finale of the competition, which was held at the Ecobank Group headquarters in Lomé, Togo.

Koree is a card wallet payment solution that digitizes merchant payments.

The startup allows consumers to digitally collect their spare change from cash retail payment roundups, and earn cashback from stores and brands across multiple categories.

Koree beat out eight other finalists to win the top prize of US$50,000.

Koree’s victory is a significant achievement for the Cameroonian fintech ecosystem. It is the first time that a Cameroonian fintech company has won the Ecobank Fintech Challenge.

The Ecobank Fintech Challenge is an annual competition that is organized by Ecobank Group, one of Africa’s largest banks.

The competition aims to identify and support innovative fintech startups that are developing solutions to address the challenges facing the African financial sector.

The 2023 Ecobank Fintech Challenge received over 1,400 applications from fintech startups.

The finalists were selected by a panel of judges who are experts in the fintech and financial services sectors.

The winner of the Ecobank Fintech Challenge receives a cash prize, as well as access to mentorship and support from the Ecobank Group.

This support can help the winning startup to scale its business and reach more customers.

Koree’s victory in the Ecobank Fintech Challenge is a testament to the innovation and creativity of the Cameroonian fintech ecosystem.

The startup’s solution is addressing a real need in the African market, poised to make a significant impact on the lives of millions of people.