John Shen, Co-Founder of the Chinese FinTech Xencio, will be holding a talk about his Founder Journey at the upcoming FinTechWeek Vienna 2019. He told the Brutkasten in advance how he intends to help SMEs in Austria with their accounting and controlling.
Originally Xencio was founded in Shanghai in 2015. “As part of the GIN programme, we were then selected and invited to come to Austria,” said John Shen, Co-Founder and Managing Director of Xencio. The FinTech in Vienna was then selected for a batch of The Ventury, in whose premises in weXelerate the team still has its Vienna office.
The foundation of the local GmbH finally followed in January 2019, the local team consists of seven people – another 30 employees are stationed in Shanghai. Among other things, the local team has also received FFG funding, which will be used to advance the R&D activities of the AI-based product.
Xencio also used the start-up package of the Vienna Business Agency. Here, among other things, the costs for travel, accommodation and coworking space were subsidised, as well as 10 hours of coaching worth 2,000 Euros. This created a good basis for Shen and his local co-founders – an Austrian and a New Zealander – to get off to a flying start in Vienna.
