XFOLIO, the cloud platform merging treasury automation with institutional wealth management, today closed a $2 million seed round solely backed by Middle East Venture Partners (MEVP). Founder and CEO Anis Rahal, previously of TreasuryXpress, said the capital “will democratise access to real-time connectivity and fair pricing for mid-sized managers.” Partner Jad El Boustani added MEVP is “honoured to work again with Rahal on technology legacy vendors ignored.”
Launched in 2024, XFOLIO consolidates bankable and non-bankable assets, integrates banks, ERPs and CRMs, and will introduce AI-powered recommendations and cross-bank trading. Subscription fees start at $40 per month, positioning XFOLIO to capture growing digital demand among MENA and European family offices and the rapidly expanding $16.6-billion global wealthtech market.
Featured image: Credit: XFOLIO
