Exits.me, an Egypt-based fintech investment banking marketplace, has raised $1 million in a Pre-Seed round by a group of notable Egyptian angel investors, Baseeta Investments Holding & Mawelni Holding for Financial Investments, and the founders.
Founded in 2022 by Mohamed Aboulnaga, Ahella El Saban and Ayman El Tanbouly, Exits.me aims to facilitate M&As and investments in companies by offering a seamless and fully integrated online solution on its platform and a full-fledged financial advisory service.
Exits.me was acquired initially by PIE, an M&A consultancy, founded by Mohamed Aboulnaga earlier this year. After releasing the BETA version of the platform, the team is currently working to transform it into a new platform to cater to a widely overlooked gap in the market for M&As and funding support amongst SMEs and Startups in the MENA region.
The founders also explain that today, businesses that investment banks overlook due to their smaller ticket sizes are finding it hard to get opportunities for investments. The current ongoing market conditions, high fee markups and retainer costs required by traditional investment banks are also making it even harder. This round is just the start needed to build this vision and bring investment opportunities to all classes in MENA.
Exits.me currently has 25+ signed active sell/buy-side advisory mandates with 30 others in the pipeline totaling a value of $150-200 Million. The platform is also in the current procurement of its crowdfunding license from the Financial Regulatory Authority to manage and arrange crowdfunding campaigns; which will open the door to a new investment product for the MENA market, allowing anyone in any capacity to invest.
The founders aim to help the region by increasing investment awareness and spreading education on the importance of early investments in all verticals and business functions. Their view is that it is critical for all individuals from any background to be able to fully understand how to invest through digital means.
The Egyptian angel investors involved include Omar Amer, Abdulmuguid Amer, Omar Wagdy, Adham Wagdy, and Ayman Essawy among others.