Skip to main content

Signal in the noise.

StartupHub.today

Exits MENA Acquires Avanz Capital Egypt to Build a Comprehensive Financial Group

Exits MENA has fully acquired Avanz Capital Egypt in a multi-million dollar deal. They're rebranding it as Exits Manara to boost their investment and asset management services, aiming to create a more integrated financial platform.
4 min read
Exits MENA Acquires Avanz Capital Egypt to Build a Comprehensive Financial Group

Exits MENA is embarking on a new phase of business expansion in the private capital market. This follows the successful full acquisition of Avanz Capital Egypt (ACE), a company specializing in direct investment and asset management, in partnership with ACE's local management. The deal is valued at over seven figures. The acquisition comes after both parties received preliminary approval, or a "no objection" notice, from Egypt's General Financial Supervisory Authority. This strategic move allows Exits MENA to integrate direct investment and asset management into its existing business model, which currently focuses on consulting and investment deals. The ultimate aim is to build a comprehensive financial platform that serves companies, investors, and institutions across Egypt and the broader Middle East and North Africa (MENA) region.

Related editorial

  • Tech Source GDS and Thoth Partner to Boost Egyptian Companies' Expansion in Gulf Markets

    Startups and Entrepreneurship

    Tech Source GDS and Thoth Partner to Boost Egyptian Companies' Expansion in Gulf Markets

    Great news for Egyptian businesses looking to grow! Tech Source GDS and Thoth Consulting have signed a new partnership agreement. Their goal is to help Egyptian companies, especially startups, get ready to expand and export their services, with a special focus on the booming markets in Saudi Arabia and the wider Gulf region.

    Aug 18, 20265 min read
  • UAE's Teller Partners with Jordan's Jeet to Enhance Quick Commerce Payments

    Startups and Entrepreneurship

    UAE's Teller Partners with Jordan's Jeet to Enhance Quick Commerce Payments

    UAE-based payment gateway Teller is partnering with Jordan's quick commerce app, Jeet. This collaboration aims to significantly improve Jeet's payment system, enabling fast and secure digital transactions while also supporting cash-on-delivery. It's a move to make quick commerce even smoother and more efficient for customers.

    Aug 17, 20263 min read
  • Abdulaziz Al-Houti, Formerly of Jahez, Joins Propeller to Boost AI Infrastructure Investments

    Startups and Entrepreneurship

    Abdulaziz Al-Houti, Formerly of Jahez, Joins Propeller to Boost AI Infrastructure Investments

    Abdulaziz Al-Houti, a seasoned investment expert, has joined Propeller, a venture capital firm focused on AI infrastructure, as a General Partner. His move comes at a crucial time as global investment in AI infrastructure is surging, and he brings a wealth of experience from his previous role at Jahez Group and other financial institutions to help guide startups from their early stages to global expansion.

    Aug 17, 20263 min read
  • FINA: A Saudi FinTech Making Business and Supply Chain Funding Easier

    Startups and Entrepreneurship

    FINA: A Saudi FinTech Making Business and Supply Chain Funding Easier

    FINA, a Saudi FinTech company, is making it easier for businesses to get the funding they need. They offer smart, short and medium-term financing solutions by looking at real-world data like invoices, sales, and payment history. This helps companies access money faster and make quicker financial decisions.

    Aug 17, 20264 min read