Egoras Technologies is preparing to launch a business-focused smartphone designed to give Nigerian small and medium-sized enterprises direct access to capital markets through ContisX, a new securities exchange that has received Approval-in-Principle from Nigeria’s Securities and Exchange Commission and is expected to go live in September 2026.
The device, called the Cube Phone, is being positioned as an all-in-one business operating system that combines payments, artificial intelligence tools, business management functions, and capital market access in a single platform.
Once purchased, users are required to set up a ContisX-linked smart account on the device, which then enables access to embedded financial and market services.
At the centre of the proposition is direct integration with ContisX, a full-service securities exchange designed to operate alongside existing market structures and broaden access to capital formation in Nigeria. Through this integration, SMEs will be able to raise funds, issue instruments, and participate in securities activities directly from their mobile devices.
The exchange recently received regulatory Approval-in-Principle from the SEC, allowing it to proceed with final operational and compliance requirements ahead of its planned launch. The approval marks an early-stage clearance in Nigeria’s capital market licensing process and signals regulatory openness to new market infrastructure aimed at expanding investment access.
Egoras said the Cube Phone is designed to address one of the biggest constraints facing small businesses in Nigeria, limited access to capital. The company said the device removes traditional barriers such as high listing costs, complex documentation, and institutional gatekeeping by embedding fundraising tools directly into a business smartphone.
A key feature of the system is the ContisX Economic Instrument, a primary-market funding tool that allows SMEs to raise working capital by issuing instruments tied to future economic output. The structure is intended to provide faster access to financing compared to conventional equity or debt issuance processes.
According to Egoras, the system continuously tracks business activity through the phone’s integrated payments and operational data, allowing ContisX to assess performance and determine eligibility for larger funding opportunities over time.
The company said SMEs could begin with smaller capital raises under the CEI framework and potentially graduate to higher-value instruments, including bond-like issuances, depending on business performance and growth metrics.
Speaking on the initiative, Chief Executive Officer of Egoras Technologies, Ugoji Harry, said the product is aimed at solving the structural financing gap affecting small businesses.
“Every SME’s biggest problem is capital,” Harry said. “With this phone, once a business owner sets it up, a ContisX smart account is created automatically. From there, they can issue securities directly into the capital market using the ContisX Economic Instrument.”
He added that the platform uses real-time business data to evaluate performance and support progression within the market structure. “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 said.
Beyond capital market access, the Cube Phone includes a pre-installed AI Business Suite designed to handle core operational functions for SMEs. The suite features an AI Legal assistant for contract drafting and regulatory compliance, an AI CFO for financial management and tax calculations, an AI Coder for building simple business applications, and an AI HR tool for managing recruitment, payroll, and employee performance.
Egoras said all data processed through the system is encrypted using on-device private keys and stored on its blockchain infrastructure, ensuring that neither the company nor third parties can access sensitive business information.
To support usage, the device also includes a zero-rating arrangement with Airtel Nigeria, which removes data charges for all business activities carried out on the CubeOS operating system. This includes payments, AI interactions, and application usage, with no subscription fees or usage caps.
The integration of ContisX is expected to represent a significant shift in Nigeria’s capital market structure, introducing a parallel exchange system that could operate alongside the Nigerian Exchange .
