HomeEgyptFintech startup INVIA raises $1.2 million in round

Fintech startup INVIA raises $1.2 million in round

Fintech startup INVIA raises $1.2 million in round

Egyptian fintech startup INVIA has raised US$1.2 million in a funding round from angel investors and strategic supporters.

The funding will help the company grow its AI-powered financial platform for small and medium-sized businesses (SMEs).

INVIA was founded to solve problems faced by SMEs in managing their finances.

Many small businesses struggle because they use multiple disconnected tools for financial work.

INVIA replaces these scattered tools with one simple, unified platform.

The platform automates key tasks such as bookkeeping, cash flow tracking, inventory management, and manufacturing operations.

It is designed to be easy to use, even for people without accounting knowledge.

Users can interact with the system using text, voice messages, or by uploading invoices.

The new funding will be used to improve the product, strengthen engineering and data teams, and expand customer reach in Egypt’s SME market.

In the future, INVIA plans to become a full business operating system by adding HR, POS, and CRM features so businesses can run everything in one place.

Yehia Ashour, INVIA’s co-founder and CEO, said the company is building the platform to give small business owners full control without complexity, and that the funding will help it grow into a unified operating system spanning finance, HR, POS, and CRM.

Founded in 2023 by Yehia Ashour, Ahmed Zeinhom, and Omar Aboulmagd, the company builds an AI-based financial system for small and medium businesses.

The funding will help improve the product, grow the engineering team, and bring in more customers across Egypt.

Read More- Brain health startup Ivory raises $1 million in round

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