XENO, a Ugandan fintech startup, has raised $2 million in seed funding

XENO Company, a Ugandan fintech startup, has raised $2 million in seed funding Led by Past Capital Ventures.

Eva Yazhari, common accomplice at Past Capital Ventures, will function an observer on the board of administrators for XENO. 

Aéko Ongodia, the chief govt officer of XENO, created the Uganda-based firm in 2017. 

Since its launch, XENO has aided 20,000 people with saving, investing, and planning, and it intends to develop all through Africa. 

Hundreds of thousands of individuals in Africa can use this goal-based funding platform to plan, save, and make investments for any monetary objective beginning with as little as $3 through the online, an app, or USSD, with or with out web connectivity. 

“Eva Yazhari and her crew actually grasped the problem we got down to deal with: to assist the everyday particular person develop monetary resilience by making it simpler for them to take a position their cash so as to obtain future monetary targets, no matter they could be. Aéko Ongodia, CEO of XENO, mentioned, “We found a crew in Past Capital Ventures that was thorough in its evaluation, deliberate in approaching the chance, and displayed an unprecedented depth in realizing our path and imaginative and prescient of the longer term. 

By way of its unique goal-based funding platform, which permits customers to save lots of with or with out web entry, XENO democratizes entry to skilled funding administration.

 

Learn extra on Tech Gist Africa:

Kibo Faculty, a Nigerian edtech startup, receives $2 million

MTek, a digital insurance coverage firm in Kenya, raises $3 million

Healthtracka, a Nigerian startup, has obtained $1.5 million in pre-seed funding

 

 

 

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