eQUB

Service Description

eQub Financial Technologies is a pioneering Ethiopian fintech startup revolutionizing traditional savings and credit systems. Inspired by Ethiopia’s age-old “equb”—a communal rotating savings model—eQub digitizes these peer-to-peer credit groups, providing users with a secure, transparent, and efficient platform for collective saving and lending. Founded by Alexander Abay Hizikias, eQub enhances financial inclusion by offering mobile-based saving groups, credit access, and digital financial tools, empowering individuals and small businesses. The startup gained global recognition by winning the Fintech Pitch-off at 4YFN 2024 during the Mobile World Congress in Barcelona. With a mission to modernize Ethiopia’s informal financial ecosystem, eQub is bridging the gap between traditional banking and underserved communities, driving financial empowerment across Africa.