Egypt-based fintech investment platform raises $1 mln in pre-seed round

Doaa A.Moneim , Wednesday 21 Sep 2022, an Egypt-based fintech investment platform, has raised $1 million in a pre-seed round, which is funded by the UK-Based, a group of well-known Egyptian angel investors, including Baseeta Investments Holding, Mawelni Holding for Financial Investments, and the founders.


The platform is specialised in facilitating mergers and acquisitions (M&As) and investments through online solutions on its platform and financial advisory services with an aim to bridge the gaps in the market for M&A transactions and to support small and medium-sized enterprises (SMEs) and startups in MENA. was acquired by PIE, which was founded by Mohamed Abul-Naga earlier in 2022.

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 among SMEs and Startups in MENA.

The founders target increasing investment awareness and spreading education on the importance of early investments in all verticals and business functions and helping individuals with different backgrounds to be aware of how to invest through digital means.

According to global reports, the Middle East alone had over three times the number of exits, when comparing 2012 and 2018 and the numbers continue to grow at higher multiples.

As per a report by E&Y, the MENA region recorded 359 M&A deals worth $42.6 billion in the first half of 2022 despite global market volatility.

The increase in M&A activity represents a 12 percent year-on-year rise in deals closed in the same period, with the UAE, Egypt, Saudi Arabia, Morocco, and Oman leading the way.

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