Nigeria - Startup under 3 years old

Describe your project or startup in a few words

Ectype is a trading tool that bridges a gap in forex trading industry which is asset management, making it possible to place a trade and have it replicate on their other connected trading accounts

01.01 Describe your startup in more detail

Ectype's basic functionality is to help traders manage their multiple trading accounts, speaking in more detail about the functionality, A trade is placed on a master account on any financial instrument at all and it is immediately replicated on their other connected trading accounts

01.02 What is the main problem you are trying to solve?

1. We are trying to solve the problem traders like myself face in managing large trading portfolios or traders looking to diversify their trading accounts into the smaller subaccounts 2. Improper fund allocation on the side of traders: many times traders are victims of loss of trading account simply because they do not use such tools to not only properly allocate funds but also manage risks properly 3. Lag or waste of limited trading time by other trade copier software

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

1. Having our users in mind we created the best User Interface amongst our competitors, and have been commended by one of our major competitors for our top-tier user experience 2. Ectype's prices are nothing compared to the value its providing for our users from the jet speed executions to our high standard trading servers making it possible to be able to serve our users properly and even myself as a trader as well

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

1. Forex, stocks and crypto traders 2. Portfolio Managers 3. Banks 4. Centralized crypto exchanges etc

01.05 When was your company established?

2022-01-31

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

2

01.08 Among the other owners, how many are female?

0

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

1. Okoli Prase (Chief Technology Officer): A skilled frontend developer with various experience and knowledge of various stacks such as Javascrript,Next.js, React, jQuery, Typescript , and lots more As well as a degree in software engineering from one of the most reputable federal institutions in Nigeria. Further experiences from trading various financial instruments gave him an edge in that particular field, all these put together gave him an understanding of our customer base because this is a product we built to use for ourselves 2. Okeakpu Chukwudumebi (Chief of Operations) A skilled project manager and Financial market trader, leveraging on his knowledge of human resources and vast exposure In financial markets, teamed up with okoli praise to build not just a solution to their problems but a solution to world's problem at large

01.10 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link(s) here:

https://twitter.com/EctypeHQ

01.11 Which industry best describes your project?

h) IT (digital services, equipment and software)

02.01.01 My startup contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification for my startup

By bringing high-tech asset management tools to the common man, it would permit struggling traders to scale properly as well as protect the capital he has therefore improving their standard of living on the long run

02.02.01 My startup contributes to the Zero hunger goal

3

02.02.02 Zero hunger - Justification for my startup

Nil

02.03.01 My startup contributes to the Good health and well-being goal

4

02.03.02 Good health and well-being - Justification for my startup

Nil

02.04.01 My startup contributes to the Quality education goal

6

02.04.02 Quality education - Justification for my startup

Aside providing excellent services, ectype has a trading academy that helps the struggling trader and equips the common man with the proper amount of information and knowledge to be able to navigate the financial to live above the poverty line

02.05.01 My startup contributes to the Gender equality goal

1 - Strongly Disagree

02.05.02 Gender equality - Justification for my startup

Nil

02.06.01 My startup contributes to the Clean water and sanitation goal

3

02.06.02 Clean water and sanitation - Justification for my startup

Nil

02.07.01 My startup contributes to the Affordable and clean energy goal

3

02.07.02 Affordable and clean energy - Justification for my startup

Nil

02.08.01 My startup contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification for my startup

Ectype gives traders an opportunity to achieve financial freedom, by the trader leveraging on his skills and having us a helping hand to achieving his objectives as a growing trader

02.09.01 My startup contributes to the Industry innovation and infrastructure

6

02.09.02 Industry innovation and infrastructure - Justification for my startup

Ectype has set the pace for young Africans to be innovative and build world-changing solutions Just as we have

02.10.01 My startup contributes to the Reduced inequalities goal

4

02.10.02 Reduced inequalities - Justification for my startup

Nil

02.11.01 My startup contributes to the Sustainable cities and communities goal

4

02.11.02 Sustainable cities and communities - Justification for my startup

Nil

02.12.01 My startup contributes to the Responsible consumption and production goal

4

02.12.02 Responsible consumption and production - Justification for my startup

Nil

02.13.01 My startup contributes to the Climate action goal

4

02.13.02 Climate action - Justification for my startup

Nil

02.14.01 My startup contributes to the Life below water goal

4

02.14.02 Life below water - Justification for my startup

Nil

02.15.01 My startup contributes to the Life on land goal

4

02.15.02 Life on land - Justification for my startup

Nil

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

4

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

Nil

02.17.01 My startup contributes to the Partnerships for the goal

5

02.17.02 Partnerships for the goal - Justification for my startup

Nil

06.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

7 - Strongly Agree

06.02 The product/service represents an entirely new type of product/service.

7 - Strongly Agree

06.03 The product/service could be described as a new technology.

7 - Strongly Agree

06.04 The product/service is an improvement on an existing product or service.

7 - Strongly Agree

06.05 The product/service could be described as an extension of a range of products or services.

7 - Strongly Agree

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

7 - Strongly Agree

06.08 Justification for my startup

Ectype rose to change many narratives such as the low quality of the trade copiers in existence as at 2023,lagging on the side of trade copiers, waste of time and so much more

06.09 Competitive Analysis

Competitors 1. Social trader tools 2. Fxblue we easily standout from our competitors with factors such as : a flawless user interface and experience seamless integration with existing trading software such as MT4 and MT5

11.05 Are you initiating actions within your community to promote the role of female entrepreneurs?

Yes, We give information and knowledge on financial markets to help them scale as well as the employment of female team members to help promote the "female entrepreneur"