Egypt grants Exits MENA securities promotion, underwriting license

Ahram Online , Tuesday 2 May 2023

Exits MENA, an Egypt-based fintech investment platform, was granted a securities promotion and underwriting license from the Egyptian Financial Regulatory Authority (FRA) six months after the FRA approved the company's establishment.

Exits MENA
Founders of Egypt-based fintech investment platform Exits MENA


Exits MENA is now authorized to offer listing and public offering services to its clients on the Egyptian Stock Exchange (EGX), the small and medium-sized enterprises (SMEs) platform, and the Nile Stock Exchange (NILEX).

"We can now offer more comprehensive services, including IPOs, besides our existing merger and acquisition (M&A) and private placement services,'' said Ayman El-Tanbouly, co-founder and managing director of Exits MENA.

The license will enable the platform to help startups and companies meet the complex listing requirements of EGX and NILEX, including governance, legal status, financial requirements, etc.

El-Tanbouly added that the license will also enable Exits MENA to support the growth of startups in the ecosystem and to become a leading investment platform in the region.

The platform will also qualify startups and small and medium-sized enterprises –  especially in the technology sector – for mergers and acquisitions (M&As). It will also provide them with necessary support to become listed.

This is the region's first investment platform that uses fintech to connect startups and SMEs with buyers and investors by providing automated multiple investment-related services and online and offline advisory services.

In September, the company raised  $1 million, in a pre-seed round, from a group of local investors, a UK-based investment company that also goes by the name of, Baseeta Investments Holding and Mawelni Holding for Financial Investments.


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