This brand name is a playful take on the word "five".
The name "fivoo" has only five characters and just two syllables. Two-syllable names are extremely rare and exceptionally prestigious. Leading companies using two syllable names include Google, Ikea and Subway.
Fivoo.com is a dot-com domain. Dot com domains are the most popular, and the most prestigious. Once secured, a dot-com all but guarantees no-one else can outrank you for your own name in the long run.