Investment platform XENO launches in Kenya

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XENO, an investment platform that allows customers to invest as little as KES 500, has launched its services in the Kenyan market today.

According to a briefing that gathered the media this evening, XENO’s goal is to help Kenyans achieve their financial aspirations, from buying a home to paying for education or planning for retirement.

In a statement, the company agreed that many Kenyans dream of homeownership, securing their children’s education, or a comfortable retirement, but these goals can often seem unreachable.

Using its platform that has multiple features, including a new goal-based investment service, Kenyans can access these tools and knowledge to manage their finances.

“Financial security shouldn’t be just for the rich,” says XENO Founder and CEO Aéko Ongodia. “At XENO, we believe everyone can achieve their financial goals. We’ve already helped over 100,000 Ugandans reach theirs, and expanding to Kenya is the next step in our plan to empower 20 million Africans by 2032. XENO is different from other investment platforms. We know everyone’s financial goals are unique,” says Linda Oyaya, XENO Kenya Country Manager.

XENO is licensed and regulated by the Capital Markets Authority (CMA) Kenya and collaborates with NCBA Bank PLC, the custodian and trustee of the XENO Kenya unit trust funds, to secure and safeguard investor funds.

Interested users can access the XENO platform using a smartphone app, which can be downloaded from here.

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