Xpovi, a robo-advisory startup, raises $300,000 in a pre-seed round led by strategic angel Investors. Xpovi will use the fund scale-up autonomous financial and business planning services.
“We are grateful for our Investors’ early-on belief in Xpovi’s vision and founding team, and the support we received while venturing into a greenfield. The pre-seed round has enabled us to grow our team and launch the first Automated Business Planning web-application. Over the upcoming few months, we plan to upscale Xpovi’s data-automation, artificial intelligence, and user experience. In preparation to offer our services to c.4.0 Million micro, small and medium enterprises operating in Egypt in a feasible and time-efficient manner,” Mohamed Marei, CEO of Xpovi, said.
The startup kickstarted operations with releasing its “Automated Business Planning” solution, to enable early-stage startups build their financial models and business plans in few clicks through a web-based questionnaire.
Xpovi for Digital Solutions was founded in May 2021, as an Egypt-focused robotic advisory startup. Introducing business planning solutions through an interactive, and easy-to-answer questionnaire. The product capitalizes on artificial intelligence, and machine learning to enable data sorting automation and financial models building.
Xpovi business plans are designed in an excel format; the construction of which takes place robotically as users submit answers. The business plan includes four detailed sheets: forecast financial statements, assumptions sheet, addressable clientele and scenario analysis. The deliverables include a user manual, to guide and help users iterate, pivot, and change assumptions as their business circumstances change, effortlessly.
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