XENO, an Ugandan Fintech Startup Raises $2 Million in Seed Funding
A fintech business in Uganda called XENO Corporation has secured $2 million in seed funding, led by Beyond Capital Ventures.
On the XENO board of directors, Eva Yazhari, general partner at Beyond Capital Ventures, will sit as an observer.
The Uganda-based business was established in 2017 by XENO’s CEO, Aéko Ongodia.
XENO has helped 20,000 people save, invest, and plan since its start, and it plans to spread throughout Africa.
With as little as $3 and access to the web, an app, or USSD, millions of individuals in Africa may use our goal-based investment platform to plan, save, and invest for any financial goal, whether they have internet connectivity or not.
By making it simpler for the average individual to invest their money in order to attain future financial goals, whatever they may be, Eva Yazhari and her team fully understood the difficulty we set out to answer. “We found a team at Beyond Capital Ventures that was rigorous in its assessment, thoughtful in approaching the opportunity, and displayed an unprecedented depth in knowing our route and vision of the future,” said Aéko Ongodia, CEO of XENO.
XENO democratizes access to professional investment management through its unique goal-based investment platform, which enables users to save with or without internet connectivity.
