GRO’'s journey to Qatar began at Web Summit Katar’, where the company first connected with local investors.
The initiative, founded by Mariia Shevchenko and a team of Ukrainian and German co-founders, later decided to establish its headquarters in Doha’.
Shevchenko Euronews’e said the company plans to move to Katar’a full-time as it enters the next phase of growth.
“We came here, met investors, and started building relationships, ” said.
This move will support the company's expansion in the Middle East’.
The investment in GRO’ was announced on Thursday with the launch of GrowthX Capital’, a new venture fund aimed at attracting international founders Qatar’a.
The fund's founder, Snoonu CEO, Hamad Al-Hajri, said he plans to invest QAR500 million (€119 million) in startups over the next five years.
The launch event was held at the Qatar Chamber’ and was attended by Qatar Financial Center (QFC) CEO ’ Mansoor Rashid Al-Khater and Dr. Olga Rivina, co-founder and president of the Ukrainian Business Forum’ in Qatar.
Artificial intelligence financial assistant
GRO is developing an AI-powered financial assistant that helps users manage spending, make financial decisions, and improve financial literacy while keeping personal financial data private.
The platform is aimed at both adults and families, and parental control features are also under development.
Privacy remains one of the company's priorities.
Shevchenko said “Must be special for your financial situation”. “We are working intensively on an architecture that will turn it into a closed system.”
He said members of the company's German team brought expertise in privacy and parental control systems.
Ukrainian Ambassador to Qatar Andrii Kuzmenko welcomed the investment, describing it as a sign of growing trade ties between the two countries.
Al-Hajri said he believes GRO’ has the potential to become a “tek unicorn” (a venture worth more than $1 billion (€866 million)) in the future.
