Exits.me, an Egyptian online marketplace for fintech investment banking, has secured $1 million in a Pre-Seed round. The round is backed by Exits.me of the United Kingdom, a group of prominent Egyptian angel investors, Baseeta Investments Holding and Mawelni Holding for Financial Investments, and the company’s founders.

Among the participating Egyptian angel investors are Omar Amer, Abdulmuguid Amer, Omar Wagdy, Adham Wagdy, and Ayman Essawy.

Why The Investors Invested

The startup has acquired substantial traction so far. Exits.me has already closed many deals with a total value of $110k prior to its debut, and it presently has 25+ signed active sell-side and buy-side advising mandates, in addition to 30 others that have a value of between $150–200 Million and are in the pipeline. The platform is also in the process of acquiring its crowdfunding licence from the Financial Regulatory Authority in order to manage and arrange crowdfunding campaigns. Once this licence is obtained, it will open the door to a new investment product for the MENA market, which will allow anyone, regardless of their capacity, to invest.

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“Exits.me team expects to see continued growth in the need for M&A/Funding across the region within the next three to five years, and this fresh capital will Exits.me addressing this increasing gap,” investor Omar Amer said. 

“We want startups & SMEs who are off the radar of conventional investment banks to have a user-friendly and automated means of engaging in M&A and investment opportunities,” investor Omar Wagdy added. 

A Look At What The Startup Does

Exits.me was established in 2022 by Mohamed Aboulnaga, Ahella El Saban, and Ayman El Tanbouly with the intention of easing the process of mergers and acquisitions (M&As) as well as investments in companies. To this end, the company provides a streamlined and comprehensive online solution on its platform as well as a full-fledged financial advisory service.

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PIE, a mergers and acquisitions firm that Mohamed Aboulnaga established earlier this year, was the company that first bought Exits.me. After the BETA version of the platform was made available to users, the development team is currently working to transform it into a new platform that will address a widely ignored void in the market for mergers and acquisitions as well as funding support amongst SMEs and Startups in the MENA region.

According to the company’s founders, firms that fall under the category of “small ticket sizes” and are thus ignored by investment banks are having a difficult time securing prospects for financial backing. It is made much more difficult by the present and continued market circumstances, as well as the exorbitant fee markups and retainer expenses that are expected by traditional investment banks. This round is, hence, only the beginning of what is required to realise this ambition and deliver investment possibilities to people of all classes in MENA.

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According to studies from all around the world, the number of people leaving their jobs in the Middle East increased by more than three times between the years 2012 and 2018, and this trend is expected to continue at greater multiples. In addition, a research by E&Y states that in the first half of 2022, the MENA area registered 359 merger and acquisition agreements with a total value of $42.6 billion despite the volatility of the global market. The surge in mergers and acquisitions activity corresponds to a 12% increase in the number of deals completed year-on-year (YoY). These transactions are being driven by the United Arab Emirates, Egypt, Saudi Arabia, Morocco, and Oman.

The company’s founders have the goal of assisting the local community by elevating the profile of investments and promoting education about the significance of early investments across all business functions and verticals. Their point of view is that it is essential for all people, regardless of their history, to be completely capable of comprehending how to invest using digital means.

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Whether you’re wanting to invest, raise capital, or sell/merge, you may now use the Exits.me BETA platform for free by registering a buy-side or sell-side account.

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Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. 
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexpert