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Cameroonian Fintech Koree Triumphs in Ecobank Fintech Challenge, Winning $50,000 šØš²
š Cameroonian fintech Koree wins $50,000 at the Ecobank Fintech Challenge, besting 1,490 other fintechs.
š Koree's product addresses spare change in cash-based economies using cards and digital wallets to facilitate spare change returns and loyalty programs for merchants.
š¼ The prize money will be used for business development, engineering roles, and establishing an office in Douala, Cameroon.
š Koree has achieved impressive results, registering over 11,000 users and processing $285,000 worth of transactions in the past year.
š Ecobank's Fintech Challenge has a strong alumni network, with past participants raising $90 million in funding collectively.
š Koree is the first francophone and woman-led fintech to win the competition, and the eight finalists will join the Ecobank Fintech Fellowship alongside other notable alumni.
š The competition has significantly contributed to Ecobank's fintech unit's growth, with a 28% increase in digital payments.
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