Exits.me, a fintech investment banking marketplace with headquarters in Egypt, has secured $1 million in a Pre-Seed round.
Baseeta Investments Holding & Mawelni Holding for Financial Investments, a collection of prominent Egyptian angel investors, Exits.me, a UK-based company, and the founders all contributed to the funding round.
Exits.me, a company founded in 2022 by Mohamed Aboulnaga, Ahella El Saban, and Ayman El Tanbouly, aims to make mergers and acquisitions (M&As) and investments in businesses easier by providing a seamless, entirely integrated online solution on its platform as well as a comprehensive financial advisory service.
According to investor Omar Wagdy, “We want startups & SMEs that are off the radar of conventional investment banks to have a user-friendly and automated means of engaging in M&A and investment opportunities.”
The creators further add that today’s enterprises are having a difficult time obtaining funding opportunities because investment banks tend to neglect them because of their smaller ticket sizes. 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.
Exits.me was first purchased by PIE, an M&A firm started earlier this year by Mohamed Aboulnaga. The team has already released the BETA version of the platform, but is now working to redesign it as a new platform to address a need in the market for M&As and finance support among SMEs and startups in the MENA region that has been mostly ignored.
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. UAE, Egypt, Saudi Arabia, Morocco, 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 funding will Exits.me filling this growing gap.”
Exits.me presently has 25+ signed 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 to launch. The platform is also in the process of getting a license from the Financial Regulatory Authority to administer and organize crowdfunding campaigns, which will allow anyone in any capacity to participate and introduce a new investment product to the MENA market.
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, Abdulmuguid Amer, Omar Wagdy, Adham Wagdy, and Ayman Essawy 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.