Egypt – Exits.me – an Egypt-based fintech investment banking marketplace – raised $1 million in a pre-seed round. The round was funded through UK-Based Exits.me, a group of notable Egyptian angel investors, Baseeta Investments Holding and Mawelni Holding for Financial Investments, together with the company’s founders.
Founded in 2022 by Mohamed Aboul-Naga, Ahella Al-Saban and Ayman Al-Tanbouly, Exits.me aims to facilitate mergers and acquisitions and investments in companies by offering a seamless and fully integrated online solution on the platform and a full-fledged financial advice. service.
Exits.me was originally acquired by PIE – a boutique M&A consultancy founded by Mohamed Aboul-Naga earlier this year. After releasing the BETA version of the platform, the team is currently working on transforming it into a new platform to address a much overlooked gap in the market for M&As and financing support among SMEs and start-ups in MENA.
“We want startups and SMEs that are off the radar of conventional investment banks to have a user-friendly and automated way to engage in M&A and investment opportunities,” as mentioned by investor Omar Wagdy. The founders also explained that businesses that are overlooked by investment banks due to their smaller ticket sizes are today finding it difficult to get investment opportunities.
The current ongoing market conditions, high fee mark-ups and retainer costs required by traditional investment banks also make it even more difficult. This round is just the start needed to build this vision and bring investment opportunities to all classes in MENA.
According to global reports, the Middle East alone had over three times the number of departures when comparing 2012 versus 2018, and the numbers continue to grow at higher multiples. Additionally, according to a report by E&Y, MENA recorded 359 M&A deals worth $42.6 billion in H1 2022 despite global market volatility. The increase in M&A activity represents a 12% year-on-year increase in the number of deals. The UAE, Egypt, Saudi Arabia, Morocco and Oman operate these agreements.
“The Exits.me team expects to see continued growth in the need for M&A/financing across the region over the next three to five years, and this fresh capital to Exits.me will address this growing gap,” said investor Omar Amer.
Exits.me has already closed several deals worth $110,000 pre-launch and currently has 25+ signed active sell/buy advisory mandates with 30 others in the pipeline worth $150-200 million. The platform is also in the current acquisition of its crowdfunding license from the Financial Regulatory Authority (FRA) to manage and host crowdfunding campaigns, which will open the door to a new investment product for the MENA market, allowing anyone in any capacity to invest.
The founders aim to help the region by raising investment awareness and spreading education about the importance of early stage investments across all verticals and business functions. Their view is that it is essential for all individuals from any background to be able to fully understand how to invest through digital means.
The Egyptian Angle investors involved include Omar Amer, Abdel Meguid Amer, Omar Wagdy, Adham Wagdy and Ayman Essawy.
Whether you want to invest, raise money or sell/merge, you can now try the BETA platform for free by creating a buy or sell side account on Exits.me
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