GRO’s journey to Qatar started at Net Summit Qatar, the place the corporate related with native buyers for the primary time.
The startup, based by Maria Shevchenko and a crew of Ukrainian and German co-founders, later determined to ascertain its headquarters in Doha.
Shevchenko advised Euronews that he plans to relocate to Qatar full-time as the corporate enters its subsequent section of progress.
“We got here right here and began assembly buyers and constructing relationships,” she stated.
The transfer will assist the corporate’s growth throughout the Center East.
The funding in GRO was introduced on Thursday alongside the launch of GrowthX Capital, a brand new enterprise fund that goals to draw worldwide founders to Qatar.
Sununu CEO Hamad Al Hajiri, the fund’s founder, stated it plans to take a position KAR 500 million (€119 million) in startups over the following 5 years.
The launch occasion was held on the Qatar Chamber of Commerce and Trade and was attended by Mr. Mansour Rashid Al Qater, CEO of Qatar Monetary Heart (QFC) and Dr. Olga Rivina, Co-founder and Chair of the Ukrainian Enterprise Discussion board in Qatar.
AI monetary assistant
GRO develops an AI-powered monetary assistant that helps customers handle spending, make monetary selections, and enhance monetary literacy whereas protecting private monetary knowledge non-public.
The platform is aimed toward each adults and households, and parental management options are additionally in improvement.
Privateness stays one of many firm’s priorities.
“Financially, we have to maintain it non-public,” Shevchenko stated. “We’re working onerous to develop an structure that will likely be a closed system.”
He stated members of the corporate’s German crew convey experience in privateness and parental management programs.
Ambassador of Ukraine to Qatar Andriy Kuzmenko welcomed the funding, calling it an indication of rising enterprise ties between the 2 nations.
Al-Hajri stated he believed GRO had the potential to develop into a future “unicorn”, a startup valued at greater than $1 billion (€866 million).
