Egypt’s Exits MENA expands to Saudi Arabia through joint venture

STARTUP VENTURE CAPITALJuly 5, 2024 at 1:27 PM UTC

TLDR

Fintech platform EXITS MENA partners with Saudi investors, led by Ammar Ahmed Shata, for a joint venture in Saudi Arabia
EXITS, established in 2022, focuses on facilitating M&As and investments with online solutions and financial advisory services
Previous pre-seed funding of $1.25 million supports EXITS' expansion into new markets such as Saudi Arabia

EXITS MENA, a fintech platform designed for startups and SMEs in the MENA region, has entered a joint venture in Saudi Arabia.

Founded in 2022, EXITS aims to facilitate mergers and acquisitions (M&As) and investments by providing a seamless, fully integrated online solution and comprehensive financial advisory services.

Having closed a $1.25 million pre-seed funding round a year ago, EXITS is now partnering with a group of esteemed Saudi investors led by Ammar Ahmed Shata, the founder of Gotrah Ventures, who will also serve as the non-executive chairman of the new joint venture.

Key Takeaways

This move represents a significant milestone for EXITS MENA, reinforcing its commitment to bridging gaps in the entrepreneurial ecosystem across the rapidly expanding MENA region. By establishing an on-ground presence in Saudi Arabia, EXITS MENA aims to leverage the Kingdom’s dynamic market environment to foster growth and drive innovation among startups and SMEs. This expansion will enable EXITS MENA to provide unparalleled support to startups and SMEs, empowering them to navigate market complexities and achieve their business objectives.

Gotrah Ventures

Exits MENA

Startups

Egypt

Venture Funding

Venture Capital

Saudi Arabia

Middle East & North Africa