MerchantBridge got its “in” to the growing money pot of Iraq’s fledgling financial sector by casting a wide net. The investment banking group has ambitiously targeted marketshare in Iraq’s developing construction, telecommunications, financial services, real estate, hotels, and information technology industries, all of which have been made easier by being the “lead advisor” to Iraq’s Ministry of Industry. The inside partnership has paved the way for MerchantBridge’s factory lease program, the opening of Mansour Bank, and an overall capitalization of $61 million.
Furthermore, 90% of MerchantBridge’s initial operating capital in Iraq has been supplied by Iraqi investors.