By Favour Pius
Egoras Technologies is preparing to unveil a business-focused smartphone designed to give small and medium-sized enterprises (SMEs) direct access to capital markets, in a development that could reshape financing options for businesses in Nigeria.
The device, known as the Cube Phone, is integrated with ContisX, a proposed securities exchange that has received approval in principle from the Securities and Exchange Commission and is expected to commence operations in September 2026.
According to the company, the Cube Phone functions as an all-in-one business platform, combining payments, artificial intelligence tools, operational management systems, and capital market access within a single device. Users are required to set up a ContisX-linked smart account, which enables access to embedded financial services and market infrastructure.
At the heart of the innovation is direct integration with ContisX, a full-service exchange designed to complement existing platforms such as the Nigerian Exchange. The platform is expected to broaden participation in capital formation by allowing SMEs to raise funds, issue financial instruments, and engage with securities markets directly from their mobile devices.
The approval-in-principle granted to ContisX marks an early stage in the licensing process, allowing the exchange to complete final compliance and operational requirements ahead of its planned launch. Market analysts say the development reflects increasing regulatory openness to innovations aimed at deepening financial inclusion.
Egoras said the Cube Phone is targeted at addressing the persistent financing gap faced by SMEs, particularly the barriers associated with traditional funding channels such as high listing costs, complex documentation, and dependence on intermediaries.
A key feature of the platform is the ContisX Economic Instrument, a primary-market funding mechanism that allows businesses to raise working capital by issuing instruments linked to future economic output. The model is designed to provide faster access to funding compared to conventional equity or debt structures.
The company added that the system leverages real-time operational data generated through integrated payments and business activities on the device to assess enterprise performance and determine eligibility for increased funding.
The Chief Executive Officer of Egoras Technologies said the innovation is aimed at tackling structural constraints in SME financing.
“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.
Beyond fundraising, the Cube Phone comes with a pre-installed AI Business Suite offering tools for legal documentation, regulatory compliance, financial management, tax calculations, software development, and human resources management.
Egoras also disclosed that data processed on the device is secured using private key encryption and stored on blockchain infrastructure, reducing exposure to third-party access. In addition, the device will operate under a zero-rating arrangement with Airtel Nigeria, eliminating data charges for business activities carried out on the CubeOS platform.
Analysts note that the integration of ContisX introduces the possibility of a parallel exchange system in Nigeria, potentially expanding the country’s capital market architecture at a time when policymakers are seeking new ways to support enterprise growth and enhance financial inclusion.
