Exits.me, an Egyptian fintech platform for investment banking, has secured $1 million in a Pre-Seed round.
The UK-based Exits.me, Baseeta Investments Holding & Mawelni Holding for Financial Investments, a number of well-known Egyptian angel investors, as well as the founders, provided the funding for the round.
According to investor Omar Wagdy, “We want startups & SMEs that are off the radar of traditional investment banks to have a consumer-friendly and automated way to participate in M&A and investment opportunities.”
The creators also point out that it is difficult for businesses that investment banks neglect because of their smaller ticket sizes to obtain investment opportunities nowadays.
Even more challenging are the continued market circumstances, exorbitant fee markups, and retainer fees demanded by conventional investment banks.
To realize this objective and provide investment options to all MENA classes, more funding will be required after this phase.
Global reports claim that when comparing 2012 to 2018, the Middle East alone saw over three times as many exits, and the figures are still increasing at higher multiples.
Additionally, despite the instability of the world economy, the MENA area reported 359 M&A agreements totaling US$42.6 billion in H1 2022, according to a report by E&Y.
The increase in M&A activity reflects a 12% YoY increase in the number of deals. Egypt, UAE, Morocco, Saudi Arabia, and Oman are driving these deals.
Investor Omar Amer stated that “the Exits.me team anticipates continuous expansion in the need for M&A/Funding across the area within the next three to five years, and this fresh financial support will Exits.me filling this growing gap.”
Exits.me presently has signed more than 25 active sell/buy-side advising mandates with 30 more in the pipeline with a value of $150-200 Million, with many deals already closing at a value of $110k prior launch.
By raising investment awareness and promoting education on the value of early investments across all industries and job functions, the creators hope to benefit the area. In their opinion, it is imperative that people from all backgrounds be able to completely comprehend how to invest via digital means.
Omar Amer, Omar Wagdy, Abdulmuguid Amer, Ayman Essawy, and Adham Wagdy are just a few of the Egyptian angel investors participating.
By opening a buy-side or sell-side account on Exits.me, you may now test out the BETA platform without charge, regardless of whether you’re wanting to invest, raise money, or sell or merge.
Techbuild’s take
Exits.me was established in 2022 by Mohamed Aboulnaga, Ahella El Saban, and Ayman El Tanbouly with the goal of facilitating mergers and acquisitions (M&As) and investments in businesses by providing a seamless and completely integrated online solution on its platform as well as a full-fledged financial advisory service.
Exits.me was first purchased by PIE, an M&A firm started earlier this year by Mohamed Aboulnaga. The team is now working to revamp the platform after releasing the BETA version to fill a hugely unmet need in the MENA market for M&As and finance support for SMEs and startups.
This recent pre-Seed round is presumed to go into scaling the business as the platform is also in the process of getting a license from the Financial Regulatory Authority to administer and organize monetization strategies, which will allow any individual in any capacity to participate and introduce a new investment product to the MENA market.
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