Egyptian fintech startup raises $1m pre-seed round


Egyptian startup, a fintech investment banking marketplace, has raisedUS $1 million in a pre-seed funding round as it plans continued growth.

Founded in 2022 by Mohamed Aboulnaga, Ahella El Saban and Ayman El Tanbouly, 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.

The startup was acquired initially by PIE, a boutique 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.

Its funding round comes from UK-based, a group of notable Egyptian angel investors, Baseeta Investments Holding and Mawelni Holding for Financial Investments, and the founders. 

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


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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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