Grace Ashiru
In a Pre-Seed round, Exits.me, an Egyptian fintech platform for investment banking, got $1 million.
The funds were given by Exit.me, based in the United Kingdom, Baseeta Investments Holding, and Mawelni Holding for Financial Investments, as well as several well-known Egyptian angel investors and the company’s founders.
Omar Wagdy, an investor, said, “We want startups and SMEs that aren’t on the radar of traditional investment banks to have a user-friendly and automated way to take part in M&A and investment opportunities.”
The authors also say that it is hard for small businesses that investment banks don’t care about because they don’t have big investments to find investment opportunities today.
The persistent market conditions, excessive fee markups, and retainer costs that conventional investment banks demand are even more difficult.
After this phase, more money will be needed to reach this goal and give all MENA classes investment options.
Global reports say that from 2012 to 2018, the number of people leaving the Middle East increased by more than three times, and the number is still going up at a higher rate.
According to a survey by E&Y, the Middle East and North Africa region saw a total of US$42.6 billion worth of merger and acquisition deals in the first half of 2022, despite the unpredictability of the global economy. The number of deals has increased by 12% year over year, which is reflected in the increase in M&A activity. These transactions are being driven by Egypt, the United Arab Emirates, Morocco, Saudi Arabia, and Oman.
Investor Omar Amer said, “The Exits.me team expects the need for M&A/Funding in the area to keep growing over the next three to five years, and this new funding will help Exits. I fill this growing gap.”
Currently, Exit.me haved more than 25 active sell-side advising mandates, and there are 30 more in the queue with a value of $150-200 Million. Many contracts have previously been closed at a value of $110,000 before the company’s debut.
The developers have high hopes that the region would benefit from their efforts to increase investment awareness and promote education on the value of early investments across all fields of business and job functions. They believe that it is of the utmost importance for individuals from all walks of life to have the capacity to appreciate how to invest using digital means completely.
Among the Egyptian angel investors taking part are names such as Omar Amer, Omar Wagdy, Abdulmuguid Amer, Ayman Essawy, and Adham Wagdy.
You can now test out the BETA platform at no cost if you register an account on Exits. me on either the purchase side or the sell side. This is true regardless of whether you are looking to invest, raise capital, sell, or merge.
Techbuild’s take
Mohamed Aboulnaga, Ahella El Saban, and Ayman El Tanbouly launched Exits.me in 2022 to ease the process of mergers and acquisitions (M&As) and investing in companies. By offering a seamless, fully integrated online solution and a full-fledged financial advisory service on its platform.
PIE, a mergers and acquisitions company that Mohamed Aboulnaga founded earlier this year, was the first company to acquire Exit. After releasing the BETA version of the platform, the team is currently working to overhaul it to fulfil a significant demand in the MENA market for mergers and acquisitions and financial help for small and medium-sized enterprises and startups.
As the platform is also receiving a license from the Financial Regulatory Authority to administer and arrange monetization methods, it is believed that this recent pre-Seed round would go toward scaling the business. Which will let anyone take part in any way and bring a new investment product to the MENA market
