Egoras Set to Launch Cube Phone, Expanding SMEs’ Access to Capital Markets via ContisX
Fadekemi Ajakaiye
Nigeria’s Egoras Technologies has concluded plans to unveil a business-centric smartphone, the Cube Phone, aimed at transforming how small and medium-sized enterprises (SMEs) access funding in Africa’s largest economy.
The device, which integrates directly with ContisX, a newly developed securities exchange, is expected to provide SMEs with streamlined access to capital markets. ContisX has already secured approval in principle from the Securities and Exchange Commission Nigeria and is projected to commence operations in September 2026.
Designed as a comprehensive business operating system, the Cube Phone consolidates payments, artificial intelligence (AI) capabilities, enterprise management tools, and capital market access into a single mobile platform. Upon activation, users are required to establish a ContisX-linked smart account, enabling immediate access to embedded financial services and investment infrastructure.
Central to the innovation is its seamless integration with ContisX, positioned as a full-service exchange intended to complement existing platforms such as the Nigerian Exchange Limited. The initiative seeks to broaden participation in capital markets by allowing SMEs to raise funds, issue financial instruments, and engage directly with investors through their mobile devices.
The approval-in-principle granted to ContisX represents a significant step within Nigeria’s capital market licensing framework, permitting the platform to advance toward final regulatory and operational requirements ahead of its official launch. Analysts view this development as a signal of regulatory willingness to embrace innovative financial infrastructure capable of deepening market participation.
Egoras Technologies noted that the Cube Phone is specifically engineered to tackle one of the most enduring challenges confronting SMEs—limited access to finance. By embedding fundraising capabilities within a mobile device, the company aims to eliminate traditional barriers such as prohibitive listing costs, cumbersome documentation processes, and dependence on institutional intermediaries.
A standout feature of the platform is the ContisX Economic Instrument, a primary-market funding mechanism that enables businesses to raise working capital by issuing instruments tied to future economic output. The model is designed to offer a faster and more flexible alternative to conventional equity or debt financing structures.
According to the company, the platform leverages real-time data generated through integrated payment systems and business operations on the device. This continuous data flow allows ContisX to assess enterprise performance dynamically and determine eligibility for progressively larger funding opportunities over time.
Speaking on the initiative, the Chief Executive Officer of Egoras Technologies emphasised that the product directly addresses the structural financing gap faced by SMEs.
“Every SME’s biggest problem is capital. With this phone, once a business owner sets it up, a ContisX smart account is created automatically, enabling them to issue securities directly into the capital market,” he said.
He further explained that the system’s reliance on real-time operational data underpins its funding model. “As the business grows and performs, the system tracks that and determines when it can move from raising small amounts to accessing larger capital pools,” he added.
Beyond financing, the Cube Phone is equipped with a pre-installed AI Business Suite designed to manage core enterprise functions. These include tools for legal documentation and regulatory compliance, financial accounting and tax computation, basic software development, as well as human resource management.
On data security, Egoras Technologies disclosed that all information processed on the device is encrypted using private keys stored on the phone, with additional protection provided through blockchain-based storage systems. This architecture is intended to minimise third-party access and enhance data integrity.
The company also revealed that the device will operate under a zero-rated data arrangement with Airtel Nigeria, allowing users to carry out business activities on the CubeOS platform—including payments, AI services, and applications—without incurring data charges.
Industry observers note that the introduction of ContisX alongside existing exchanges could pave the way for a parallel market structure in Nigeria. Such an expansion is expected to support ongoing efforts by policymakers and private sector stakeholders to deepen financial inclusion, enhance capital formation, and accelerate the growth of SMEs across the country.
