XENO, a fintech startup in Uganda, has raised $2 Million in seed funding XENO Corporation is a Ugandan fintech startup that has raised $2 Million in seed funding from Beyond Capital Ventures.
Eva Yazhari is a general partner at Beyond Capital Ventures and will act as an observer to the board of directors for XENO. Aéko Ongodia, the chief executive officer of XENO, created the Uganda-based company in 2017. XENO was launched to assist 20,000 individuals in saving, investing and planning. The company plans to expand across Africa. Millions of people across Africa can use this platform to plan, save, invest and save for their financial goals. It is available via the web, app, or USSD. “Eva Yazhari and her team really grasped the challenge we set out to address: to help the typical person develop financial resilience by making it easier for them to invest their money in order to achieve future financial goals, whatever they may be. Aéko Ongodia, CEO of XENO, said, “We discovered a team in Beyond Capital Ventures that was thorough in its assessment, deliberate in approaching the opportunity, and displayed an unprecedented depth in knowing our path and vision of the future. XENO’s exclusive goal-based platform allows users to save without internet access. This democratizes professional investment management.