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By Chinenye Anuforo
Egoras Technologies has announced plans to launch a business-focused smartphone designed to connect small and medium-sized enterprises (SMEs) directly to capital market opportunities, in a move aimed at transforming access to financing in Nigeria.
The device, known as the Cube Phone, will run on a proprietary business operating system and integrate with ContisX, a securities exchange that has secured approval-in-principle from the Securities and Exchange Commission (SEC) and is targeting full rollout by September 2026.
Positioned as an all-in-one business tool, the Cube Phone combines financial services, enterprise management, artificial intelligence (AI) capabilities and capital market access within a single platform. Users will be required to activate a ContisX-linked smart account to unlock its full range of services.
At the core of the innovation is direct connectivity to ContisX, which Egoras describes as a full-service exchange expected to complement existing platforms such as the Nigerian Exchange. The system is designed to widen participation in capital markets by enabling SMEs to raise funds and issue financial instruments directly from their mobile devices.
The SEC’s approval-in-principle represents an early stage in the licensing process, allowing ContisX to move towards full regulatory compliance ahead of its planned launch. Analysts say the development reflects increasing regulatory support for alternative financial infrastructure aimed at boosting inclusion.
Egoras noted that the initiative seeks to address a persistent challenge for Nigerian SMEs limited access to structured financing. By embedding capital-raising tools within a mobile device, the company aims to reduce dependence on intermediaries, high listing costs and complex documentation processes.
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Central to the offering is the ContisX Economic Instrument, a primary-market funding model that enables businesses to raise working capital based on projected economic output. The approach is expected to provide faster and more flexible access to funds compared to traditional capital market routes.
According to the company, the platform continuously evaluates business performance through transaction data and operational activity generated on the device. This data-driven model is intended to assess creditworthiness and determine eligibility for higher funding thresholds over time.
Chief Executive Officer of Egoras Technologies said the innovation is designed to tackle the most critical barrier facing SMEs. “Capital remains the biggest challenge for small businesses. With the Cube Phone, once a user is onboarded, a ContisX smart account is automatically created, enabling direct participation in the capital market,” he said.
He added that funding decisions would rely on real-time performance metrics, allowing businesses to scale their access to capital as they grow.
Beyond financing, the Cube Phone features an AI-powered suite to support core business operations, including legal documentation, regulatory compliance, accounting, tax management, software development and human resource functions.
Egoras also emphasised data security, noting that information processed on the device will be encrypted using private keys and stored on blockchain infrastructure to minimise external access risks.
In addition, the company disclosed a zero-rated data partnership with Airtel Nigeria, which will eliminate data charges for activities carried out within the CubeOS ecosystem, including payments and enterprise applications.
