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eQub, a fintech startup aiming to digitize peer-to-peer saving groups and lending circles, has been selected as one of the top finalists for the 4YFN 2024 pitch battle taking place at the Mobile World Congress (MWC) in Barcelona, Spain.

eQub, selected in the FinTech category alongside four startups from Benin, Spain, Azerbaijan, and the US, will participate in the pitch on Monday, February 26, 2024. The winners will be announced on Wednesday.

“The competition will shine a spotlight on our startup as a competent player in the fintech landscape. It will also bring great interest towards the Ethiopian startup ecosystem,” says Alexander Hizkias, CEO and Co-founder of eQub. “Furthermore, it will also help us in our fundraising as well as collaboration efforts as the conference brings in industry veterans, investors & fellow startups,” he added.

Akofada (DFS Ethiopia)

According to Alexander, this is a good nudge for them to keep pushing their objective of providing digital access to savings and credit. eQub is an alternate social savings app that digitizes the traditional rotating practice of savings and credit associations (ROSCAs) for the digital age, enabling easy saving, secured access, and building financial security collectively.

eQub got the opportunity to be part of the Mobile World Congress event as part of the International Trade Centre NTF V project, a program designed to contribute to decent jobs and improved livelihoods in the agribusiness, AgriTech, and digital technology sectors. “We applied for it when it was open for application months back, and we were selected by the event organizers after submitting our deck,” Alexander told Shega.

eQub will also take part in the Mobile World Congress in Spain, Barcelona, with a booth from February 26-29. 

4YFN serves as a springboard for digital startups at MWC Barcelona, one of the world’s leading connectivity gatherings. It unites key players for success from ambitious founders to seasoned investors and corporate innovators.

According to the 4YFN website, this is a global competition to discover the best digital startups on the planet and for the planet. It is the ultimate recognition for startups at MWC Barcelona 2024, guaranteeing international exposure.

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Etenat holds a degree in Journalism and her master's in Public Relations. Previously, she served as a university lecturer and has five years of experience in communications, media, digital marketing, and consulting.