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Xpovi, a Robo-advisory startup has closed a USD 300 K pre-seed funding round to expand autonomous financial and business strategizing services in Egypt. The funding round was led by some strategic angel investors and the funding will go into expanding its workforce and producing the first Automated Business Planning online application.
Xpovi has launched operations with the release of its Automated Business Planning. The program allows early-stage entrepreneurs to create financial models and business strategies with a few clicks using a web-based questionnaire. The startup offers an interactive and simple-to-answer questionnaire that introduces company strategy alternatives on its platform. The software uses artificial intelligence and machine learning to automate data processing and the creation of financial models.