Ethiopian startup eQub is the winner of the fintech pitch-off at 4YFN 2024, Mobile World Congress' startup event. The startup's name is an Amharic word referring to a local form of peer-to-peer credit, Michael said. An Equb is a group of people who join forces to save money, which is then distributed on a rotating basis. Making an Equb digital is an improvement in itself: For eQub members with bank accounts, they can add money without having to go to an ATM. eQub appImage Credits: eQubIn both cases, eQub is taking measures to make sure savings are secure.

Source: Ethiopian News February 28, 2024 02:02 UTC