Xponent app raises $ 1 million in pre-seed investment

Pankaj Solanki, COO; Izaan Khan, CTO / Vice President and Soorya Srinivasan, CEO
Image Credit: Provided

Xponent is the first investment app of its kind, which allows users to link their bank account and earn returns on their spare currency investment. Each time a user makes a transaction, the amount is rounded off and the balance is invested in a diversified portfolio. This allows users to start investing in global markets with minimums as small as 1 thread.

The company believes in creating a solution that enables users to overcome barriers faced by those interested in investing and becoming financially secure.

Xponent was successful in securing $ 1 million in funding to create the solution and is working to bring the parties together to provide a seamless experience for users. Development of the app and solution is currently underway, with the goal of going live in the UAE in the first quarter of 2022, after receiving the relevant regulatory approvals.

“We were motivated to find a solution to make investments affordable for everyone, regardless of their financial situation. We believe that every person has the ability to better manage and manage their money, and by inspiring people to invest their currency every time they spend, we strive to give them financial freedom. The end of the game here is to transfer so much knowledge in this area and help start the investments for everyone, ”said Soorya Srinivasan, CEO and co-founder of Xponent.

“It is very important for us to be transparent with the users. We want to make sure that Xponent meets its three essential pillars so that every segment of the demographics benefits from using the app. No minimum investment required to get started, hassle-free automation of the rounding of each trade, and no prior financial knowledge is required to begin your investment journey with us. said Pankaj Solanki, COO and co-founder of Xponent.

Additional details on Xponent’s offerings are available at www.xponent.ae. The first 2,500 people to join the waiting list for the next app will also earn cash rewards.

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