# XENO Investments Management

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xeno-investments-management

- Industry: Financial Services
- Headquarters: Kampala, Uganda
- Website: www.myxeno.com
- Total disclosed funding: $2M
- Latest round: Seed (Jun 21, 2022)
- Investors on record: 2

## About

XENO Investments Management Limited specializes in goal-based investment services that empower individuals and families in Uganda and Kenya to plan, save, and invest towards their financial aspirations.Founded in 2016 and headquartered in Kampala, Uganda, XENO Investments Management Limited provides innovative investment solutions. The firm was established by Aéko Ongodia and Niwogaba Joel, with Ongodia having a background in founding other financial services. In June 2022, the company secured USD 2 million in SEED funding led by Beyond Capital Fund, aimed at enhancing their investment management offerings. The firm has successfully closed a total of 3 deals.XENO Investment offers a goal-based investment service designed to assist individuals and families in planning, saving, and investing toward their financial objectives. The core product offerings include investment accounts through which clients can start investing with as little as UGX 10,000 in Uganda or KES 500 in Kenya. These accounts are tailored to facilitate goals such as saving for a child's education, planning for emergencies, investing in a family home, and preparing for retirement. XENO's services are accessible via various channels, including mobile money platforms like MTN and Airtel, as well as bank transfers. The primary customer base consists of individual investors and families in Uganda and Kenya who seek to achieve financial freedom through systematic savings and investments, addressing the growing need for accessible financial services in these markets.Revenue generation for XENO Investment primarily arises from the management of client investment portfolios across various asset classes, including money market and equity funds. Clients deposit funds into their investment accounts, utilizing regular contributions via mobile money or bank transfers. Each investment strategy is designed to align with the clients' goals and risk appetites, fostering a direct relationship between the firm and its users. The company’s transactional structure is oriented toward direct-to-consumer interactions, allowing for withdrawal flexibility while maintaining the majority of funds invested. XENO operates with a clear pricing model linked to specific investment products, enhancing transparency and user engagement, while focusing on facilitating users' financial growth through personalized investment planning and execution.Following the successful funding round in June 2022, XENO Investments Management Limited plans to utilize the USD 2 million to enhance goal-based investment planning and increase financial access in wealth management. The company is exploring the development of new products aimed at further simplifying investment processes for users. Additionally, there are plans to expand into other regions across East Africa by the end of 2023, targeting new markets to broaden their reach and support financial literacy initiatives.

## Funding rounds

- Seed, Jun 21, 2022, $2M — Beyond Capital Fund, Beyond Capital Ventures

## Investors

- Beyond Capital Fund (https://capitalatlas.ai/funds/beyond-capital-fund) — Seed
- Beyond Capital Ventures (https://capitalatlas.ai/funds/beyond-capital-ventures) — Seed