Xeno Launches Digital Investment Platform in Kenya, Eyes Investors

Xeno Launches Digital Investment Platform in Kenya, Eyes Investors

By Staff Writer, 03 June 2024

Investment service provider Xeno has officially launched its digital investment platform in Kenya, marking its entry into the market.

Originating from Uganda, Xeno aims to equip Kenyans with tools for digital investments through its goal-based investment scheme. Founder Aéko Ongodia emphasized Xeno's mission to democratize financial security, stating, “Financial security shouldn’t be a privilege for the wealthy. At XENO, we envision an Africa where everyone, everywhere can achieve their financial aspirations.”

To ensure the security of invested funds, Xeno has partnered with NCBA Bank, which will act as both Trustee and custodian. This collaboration aims to instill confidence among investors.

With approval from the Capital Markets Authority, Xeno's platform utilizes technology through its Auto Save feature, allowing customers to automatically deposit funds into their investment accounts.

Source: Phidel Kizito  / Capital FM Kenya

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