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Morni invests $10 million in Egypt to acquire mobility startups

Egypt-based fintech investment platform Exits.me finalised a new buy-side mandate with KSA-based Morni Holding earlier this month in Dubai.
08.12.22 | Source: Wamda

Egypt-based fintech investment platform Exits.me finalised a new buy-side mandate with KSA-based Morni Holding earlier this month in Dubai, UAE, in the presences of Exits.me CEO and co-founder Mohamed Abu El Naga and Salman Al-Suhaibaney founder and Chief Commercial Officer of Morni Holding. With a cascade of promising opportunities, the Egyptian market provides an attractive investment ground for new and existing value chains. This lucrative market has driven multiple global and regional investors to increase their investment in Egypt. In light of their expansion plans across the region, Morni plans to invest $10 million in Egypt from now until 2030 


The new buy-side mandate prompts Exits.me to act as Morni’s exclusive advisor, assisting them in their expansion strategy and fulfilling their growth objectives.


With a cascade of promising opportunities, the Egyptian market provides an attractive investment ground for new and existing value chains. This lucrative market has driven multiple global and regional investors to increase their investment in Egypt. The mandate directly aligns with Exits.me’s mission to expand investment banking services to startups & SMEs in the Mena region through its automated platform and Morni’s mandate for geographic expansion across the region. 

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