Exits MENA Secures A Key License From Regulator
The Egyptian investment platform aims to support the growth and development of the startup ecosystem in the MENA region, providing innovative solutions to help startups access funding, achieve successful exits, and drive economic growth.
Exits MENA has obtained the final securities promotion and underwriting license from the Egyptian Financial Regulatory Authority (FRA), enabling it to expand its services and provide further investment channels.
The startup raised a US$1 million pre-seed funding round in September and has secured the critical license. The license allows Exits MENA to expand its services and provide more investment channels to its clients through a regulated environment, ultimately benefiting startups in the ecosystem.
Exits MENA is now authorized to offer listing and public offering services to its clients on the Egyptian Stock Exchange (EGX) and the SME platform, Nile Stock Exchange (NILEX). Exits can also now assist startups and companies in navigating the process of going public and accessing the capital markets, providing them with liquidity, transparency, and fair value assessments.
El Tanbouly, co-founder and managing director of Exits MENA said: “We are thrilled to have obtained this license from the Egyptian Financial Regulatory Authority. This is a significant milestone for Exits MENA and the startup’s ecosystem in the region. With this license, we can now offer more comprehensive services to our clients, including IPOs, and our existing M&A and private placement services. This will open up new opportunities for startups to access funding and growth capital and contribute to developing the country’s tech business ecosystem.”