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AI will help Spanish exporting companies find new European importers more easily

Spanish startup xNova International has announced the launch of its new technology created to help exporting companies find European importers efficiently and with low risk.

With only two years of activity, xNova has managed to develop a solution that uses artificial intelligence and data analysis to access and integrate multiple sources of information, both public and private, thus providing Spanish exporting companies with access to crucial data on potential importers in the European market.

"This platform was created so Spanish companies could tackle one of the biggest hurdles they face in the internationalization process: the lack of detailed information on potential markets and key players in said markets," xNova sources stated.

"The startup has already helped hundreds of companies solve this problem by providing them with a valuable tool to identify and prioritize potential importers in the United States and Latin America, and today it announces the incorporation of the European market. This data hasn't been accessible until now."

How will this impact Spanish exports
According to the latest data from the Ministry of Economy, Trade, and Business, more than 60% of Spanish exports go to the European Union, which underlines the importance of having effective tools to access this key market. "In addition, the country's export activity accounted for almost 30% of its GDP in 2023, further highlighting the need for innovative solutions such as the one offered by xNova."

"This data marks a significant milestone in the application of technology in exports from Spain and should help Spanish companies to expand and thrive in the international market."

For more information:

xNova International

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