Xpovi, a Robo-advisory firm, seeks to scale-up autonomous financial and business planning services, after closing a USD300, 000 Pre-Seed Round headed by StrategicAngel Investors.
Xpovi, a freshly created startup, launched operations by launching its “Automated BusinessPlanning” solution, to enable early-stage entrepreneurs to build their financial models and business plans with few clicks through a web-based questionnaire.
“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 upscaleXpovi’s data-automation, artificial intelligence, and user experience. In preparation to offer our services to.4.0 Million micro, small and medium enterprises operating in Egypt in a feasible and time-efficient manner”.“In today’s fast-paced world, and the empirical growth in the technology acceptance model. We seek to revolutionize financial and business advisory, to enable planning, monitoring, and decision-making supported by instant-based analysis and data-driven recommendations,” Mohamed Marei, Xpovi’s CEO said.
A Look At What The Startup Does
Mostafa Hisham, Mohamed Marei, and Taher Seif founded Xpovi for Digital Solutions L.L.C (“Xpovi”) in May 2021 as an Egypt-focused robotic advisory firm.
www.xpovi.com introduces company planning solutions via an interactive, easy-to-answer questionnaire. The solution makes use of artificial intelligence and machine learning to automate data sorting and the construction of financial models. In an effort to democratize access to bespoke advisory, we are combining the art and science of financial modeling with traditional business planning. Xpovi created its own algorithm to convert a web-based questionnaire comprised of Multiple-Choice Questions, Drop Lists, and Check Lists into a completely detailed Business Plan that could be delivered the same day.
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Xpovi business plans are created in an excel file and are constructed automatically when users submit responses. The business plan is divided into four sections: 1) financial forecasts, 2) assumptions, 3) addressable clientele, and 4) scenario analysis. The deliverables include a User Manual that guides and assists users in effortlessly iterating, pivoting, and changing assumptions as their business circumstances change. The business plan provides tailored data and insights on a five-year forecast basis in a multicurrency presentation, which includes the following: 1) addressable clientele identification, 2) forecast funding surplus (deficit) by source, 3) forecast revenue and cost models, 4) automated marketing budget, media plan, and customer acquisition strategy.
Xpovi Robo-advisory Xpovi Robo-advisory
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer