Nairobi, Kenya, May 30 – Investment service provider Xeno today unveiled its investment platform in Kenya as it seeks to formally enter the Kenyan market.
The Ugandan-founded goal-based investment scheme says that it will provide Kenyans with the necessary tools for digital investments.
“Financial security shouldn’t be a privilege for the wealthy. At XENO, we envision an Africa where everyone, everywhere can achieve their financial aspirations,” said its founder Aéko Ongodia.
XENO has appointed NCBA Bank to ensure the security of invested funds as both the Trustee and custodian, offering confidence to investors
The firm, which received a green light from the Capital Markets Authority to offer the service, says that the platform leverages technology through the Auto Save feature, which enables customers to automatically deposit funds into their XENO investment accounts.
The fintech launched in 2017 also seeks to introduce a USSD option, enabling it to also tap into users without smartphones.
It’s country manager Linda Oyaya asserted that the company will endeavor to ensure its customers get value for their money.
“Investments are about returns and this is something as a company we are so keen on,” she said.
