{"id":544991,"date":"2022-03-30T03:45:18","date_gmt":"2022-03-30T03:45:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/robo-advisory-firm-xpovi-scaling-up-after-pre-seed-round-kenyas-churpy-is-eyeing-egypt\/"},"modified":"2022-03-30T03:45:18","modified_gmt":"2022-03-30T03:45:18","slug":"robo-advisory-firm-xpovi-scaling-up-after-pre-seed-round-kenyas-churpy-is-eyeing-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/robo-advisory-firm-xpovi-scaling-up-after-pre-seed-round-kenyas-churpy-is-eyeing-egypt\/","title":{"rendered":"Robo-advisory firm Xpovi scaling up after pre-seed round + Kenya\u2019s Churpy is eyeing Egypt"},"content":{"rendered":"<p><strong>As folks who are building businesses ourselves, we have a particular fondness of <\/strong><strong>startups that solve non-payments-related problems for people who are starting businesses <\/strong>\u2014 or running existing companies. We have news of three such companies today.<\/p>\n<p><strong>Robo-advisory startup <\/strong><strong><a href=\"http:\/\/www.xpovi.com\">Xpovi<\/a><\/strong><strong> is deploying proceeds from its USD 300k pre-seed round <\/strong>led by angel investors to scale up its services. The funding has allowed it to grow its team and launch the country\u2019s first \u201cautomated business planning web application,\u201d CEO Mohamed Marei <a href=\"https:\/\/ent.news\/2022\/3\/xpovi_preseed_PR_EN.pdf.pdf\">said in a release (pdf)<\/a>. Xpovi is now focused on its \u201cdata-automation, artificial intelligence, and user experience\u201d as it targets a potential market of c. 4 mn Egyptian MSMEs.<\/p>\n<p><strong>What does Xpovi do? <\/strong>The company, founded in spring 2021, allows startup founders to build business plans by filling out an online questionnaire \u2014 taking delivery of their plan the same day. It says it relies on artificial intelligence and machine learning automate the process of data sorting automation and building financial models.<\/p>\n<p><strong>MEANWHILE- Kenyan fintech startup <\/strong><strong><a href=\"https:\/\/www.churpy.co\/\">Churpy<\/a><\/strong><strong> eyes Egypt: <\/strong>The account receivables automation startup wants to expand to Egypt, Nigeria and South Africa after securing USD 1 mn in seed funding (<a href=\"https:\/\/techcrunch.com\/2022\/03\/29\/churpy-raises-1-million-to-help-enterprises-reconcile-and-manage-payments-across-africa\/\">TechCrunch<\/a>)<\/p>\n<p><strong>AND- <\/strong><strong>New open-finance platform for MSMEs:<\/strong> E-payment companies <a href=\"https:\/\/damen.com.eg\/\">Damen<\/a> and <a href=\"https:\/\/cashcall.net\/\">CashCall<\/a>, along with private equity player <a href=\"https:\/\/aurcapital.com\/portfolio\/aur-fintech\/\">Aur Fintech<\/a> have set up Madad, a new open-finance platform to provide Egyptian micro-merchants with non-banking financial services, according to <a href=\"https:\/\/ent.news\/2022\/3\/Madad-Final-English-PR-Final.DOCX.pdf\">a statement (pdf)<\/a>. Madad is looking to serve a network of 100k merchants to provide \u201cvarious types of lending systems [and] working capital schemes,\u201d among other products.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As folks who are building businesses ourselves, we have a particular fondness of startups that solve non-payments-related problems for people who are starting businesses \u2014 or running existing companies. We have news of three such companies today. Robo-advisory startup Xpovi is deploying proceeds from its USD 300k pre-seed round led by angel investors to scale [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[1564,1563,1561,1562,72,1565,95,1560],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544991","post","type-post","status-publish","format-standard","hentry","category-startup-watch","tag-aur-capital","tag-cashcall","tag-churpy","tag-damen","tag-enterpriseam","tag-madad","tag-startup-watch","tag-xpovi","wpautop","entry"],"acf":{"mongo_id":"212feb04-5fbf-4914-b4ca-ec7b343c36c1","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[544976],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Robo-advisory firm Xpovi scaling up after pre-seed round + Kenya\u2019s Churpy is eyeing Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/robo-advisory-firm-xpovi-scaling-up-after-pre-seed-round-kenyas-churpy-is-eyeing-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Robo-advisory firm Xpovi scaling up after pre-seed round + Kenya\u2019s Churpy is eyeing Egypt\" \/>\n<meta property=\"og:description\" content=\"As folks who are building businesses ourselves, we have a particular fondness of startups that solve non-payments-related problems for people who are starting businesses \u2014 or running existing companies. 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Robo-advisory startup Xpovi is deploying proceeds from its USD 300k pre-seed round led by angel investors to scale [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/robo-advisory-firm-xpovi-scaling-up-after-pre-seed-round-kenyas-churpy-is-eyeing-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-30T03:45:18+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/robo-advisory-firm-xpovi-scaling-up-after-pre-seed-round-kenyas-churpy-is-eyeing-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/robo-advisory-firm-xpovi-scaling-up-after-pre-seed-round-kenyas-churpy-is-eyeing-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Robo-advisory firm Xpovi scaling up after pre-seed round + Kenya\u2019s Churpy is eyeing Egypt\",\"datePublished\":\"2022-03-30T03:45:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/robo-advisory-firm-xpovi-scaling-up-after-pre-seed-round-kenyas-churpy-is-eyeing-egypt\/\"},\"wordCount\":265,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Aur Capital\",\"Cashcall\",\"Churpy\",\"Damen\",\"EnterpriseAM\",\"Madad\",\"Startup watch\",\"Xpovi\"],\"articleSection\":[\"Startup watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/robo-advisory-firm-xpovi-scaling-up-after-pre-seed-round-kenyas-churpy-is-eyeing-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/robo-advisory-firm-xpovi-scaling-up-after-pre-seed-round-kenyas-churpy-is-eyeing-egypt\/\",\"name\":\"Robo-advisory firm Xpovi scaling up after pre-seed round + Kenya\u2019s Churpy is eyeing Egypt - 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Exits will use the capital to help it switch from\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/319.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548965,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/29\/saas-startup-zeew-to-up-headcount-following-usd-630k-seed-round\/","url_meta":{"origin":544991,"position":1},"title":"SaaS startup Zeew to up headcount following USD 630k seed round","author":"enterpriseam admin","date":"29 August 2022","format":false,"excerpt":"Egypt-headquartered SaaS startup Zeew secured USD 630k in a seed round led by Plug and Play Ventures, Poland Prize and a number of angel investors, founder and CEO Mohamed Ghaith (LinkedIn) told Enterprise, confirming news first reported by Wamda.About Zeew: Founded by Ghaith in 2017, Zeew\u2019s software helps companies in\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560757,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/11\/fintech-startup-dayra-raises-usd-3-mn-in-pre-seed-funding-round\/","url_meta":{"origin":544991,"position":2},"title":"Fintech startup Dayra raises USD 3 mn in pre-seed funding round","author":"enterpriseam admin","date":"11 March 2021","format":false,"excerpt":"Egyptian fintech startup Dayra has closed a USD 3 mn pre-seed funding round that includes both equity and debt financing, according to a company press release (pdf). EFG EV Fintech, EFG Hermes, Tanmiya Capital Ventures and a number of angel investors all participated in the round, which closed after the\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/171.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543904,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/23\/samas-gamify-scores-usd-150k-in-pre-seed-round\/","url_meta":{"origin":544991,"position":3},"title":"Samas Gamify scores USD 150k in pre-seed round","author":"enterpriseam admin","date":"23 February 2022","format":false,"excerpt":"HR tech startup Samas Gamify has raised USD 150k in a pre-seed round led by Softeq Venture Studio, according to a press release. The funding will help the startup develop its product and accelerate the roll out. Its founders hope to release an early version to a select group of\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/336.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543693,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/14\/cloud-hub-startup-takery-lands-pre-seed-funding\/","url_meta":{"origin":544991,"position":4},"title":"Cloud hub startup Takery lands pre-seed funding","author":"enterpriseam admin","date":"14 February 2022","format":false,"excerpt":"Takery Cloud Hubs, an Egypt-based cloud hub startup, has raised an undisclosed amount in a pre-seed funding round, according to a press release (pdf). The funding will be used to expand the company\u2019s cloud branches, grow its team, and develop its tech. Including this first round, the company is looking\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575330,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/12\/egyptian-delivery-app-dreevo-secures-six-figure-usd-pre-seed-investment\/","url_meta":{"origin":544991,"position":5},"title":"Egyptian delivery app Dreevo secures six-figure USD pre-seed investment","author":"enterpriseam admin","date":"12 October 2020","format":false,"excerpt":"STARTUP WATCH- Egyptian delivery startup Dreevo has secured a six-figure USD pre-seed investment from EF Logistics, allowing it to launch operations yesterday in 22 of Egypt\u2019s 27 governorates, the company announced in a statement. 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