Egyptian Robo-advisory startup Xpovi completes $300,000 pre-Seed round for expansion

After closing a USD300,000 Pre-Seed Round led by StrategicAngel Investors, Xpovi, a Robo-advisory startup, plans to scale-up autonomous financial and business planning services.

Xpovi, a newly formed startup, began operations with the release of its “Automated BusinessPlanning” solution, which enables early-stage startups to build financial models and business plans with a few clicks using a web-based questionnaire.

In response to the funding round, Xpovi CEO Mohamed Marei stated, “We are grateful for our Investors’ early-on belief in Xpovi’s vision and founding team, as well as the support we received while venturing into a greenfield.” We were able to expand our team and launch the first Automated Business Planning web application thanks to the pre-seed round.

We intend to expand Xpovi’s data-automation, artificial intelligence, and user experience in the coming months. We are preparing to offer our services to. 4.0 million micro, small, and medium-sized businesses operating in Egypt in a cost-effective and time-efficient manner.” “In today’s fast-paced world, and the empirical growth in the model of technology acceptance. We aim to revolutionize financial and business advisory by enabling real-time analysis and data-driven recommendations to support planning, monitoring, and decision-making.”

In May 2021, Xpovi for Digital Solutions L.L.C (“Xpovi”) was founded as an Egypt-focused robotic advisory startup. At www.xpovi.com, we are introducing business planning solutions through an interactive and simple-to-answer questionnaire. The product makes use of artificial intelligence and machine learning to automate data sorting and the creation of financial models.

In pursuit of democratizing access to bespoke advisory by fusing the art and science of financial modeling with traditional business planning. Xpovi created an in-house algorithm to convert a web-based questionnaire with Multiple-Choice Questions, Drop Lists, and Check Lists into a fully detailed questionnaire.

The business plan must be delivered the same day. Xpovi business plans are created in an excel format, which is built robotically as users submit answers.

Four detailed sheets are included in the business plan. 1) financial forecasting, 2) assumptions sheet, 3) addressable clientele, and 4) scenario analysis

The deliverables include a User Manual to guide and assist users in iterating, pivoting, and changing assumptions as their business circumstances change.

The business plan provides tailored data and insights in a multicurrency presentation over a 5-year forecast period, including: 1) addressable clientele identification, 2) forecast funding surplus (deficit) by source, 3) forecast revenue and cost models, 4) automated marketing budget, media plan, and customer acquisition costs, and 5) tailored employee hiring and compensation.