Exits.me, an online investment marketplace based in Egypt, has secured $1 million in a pre-seed round.
Local investors, a UK-based investment firm also known as Exits.me, Baseeta Investments Holding, and Mawelni Holding for Financial Investments participated in the funding round.
Among the Egyptian angel investors who also participated in the funding were Omar Amer, Abdulmuguid Amer, Omar Wagdy, Adham Wagdy, and Ayman Essawy.
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.
Exits.me was first acquired 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 in order to fill a hugely unmet need in the MENA market for M&As and finance support for SMEs and startups.
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.”
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 company is also in the process of obtaining a license from the Financial Regulatory Authority to handle and organize crowdfunding campaigns, which will allow anybody in any capacity to invest and open the door to a new investment product for the MENA market.
Read more on Tech Gist Africa:
SubsBase, an Egyptian subscription management platform, raises $2.4 million in a seed round
Sharwa, an Egyptian social commerce platform, has secured a $2 million pre-seed round of funding
