San Francisco, CA – February 11, 2025
Openfair, a transformative platform revolutionizing the way businesses are bought and sold, is proud to announce its mission to empower business owners and entrepreneurs in one of the most critical economic shifts of our time. With millions of businesses expected to change hands in the next decade, Openfair is tackling the challenges of outdated processes, fragmented markets, and inefficient deal-making.
“We are solving a real problem that affects millions of business owners and aspiring entrepreneurs,” says Saad Benryane, CTO and Co-Founder of Openfair. “Selling or buying a business is often complex, slow, and full of uncertainty. Openfair removes those barriers by creating a seamless, transparent, and secure process.”
A Critical Moment in the Market
Over the next decade, an estimated $10 trillion in business assets will transition as millions of baby boomer owners plan their retirement. However, only a fraction of these businesses are currently prepared for sale, leaving a massive gap in the market for accessible, streamlined solutions.
“Without effective platforms, too many great businesses risk closure simply because owners can’t find the right buyers,” adds Fouad Raji, CEO and Co-Founder, an M&A expert with over $500M in successful deals. “Openfair is here to ensure these businesses thrive under new leadership.”
How Openfair is Making an Impact
Openfair provides an end-to-end solution for buying and selling businesses, making ownership transitions easier, faster, and more accessible:
- Find the Right Match: Thousands of verified businesses are listed, with detailed insights to help users quickly identify opportunities that align with their goals.
- Streamlined Process: From listing to closing, Openfair simplifies steps like valuation, due diligence, and negotiations.
- Secure Communication: Buyers and sellers can connect directly through a secure, transparent platform that fosters trust.
- Guided Support: Openfair provides tools, templates, and resources to guide users at every stage of their journey.
Empowering Both Buyers and Sellers
- For business owners, Openfair makes it easy to list and present their businesses professionally to motivated, verified buyers.
- For entrepreneurs, the platform eliminates the guesswork, helping them find and evaluate businesses with confidence.
A Founding Team That Understands the Problem
Openfair is the brainchild of two experts with a deep understanding of the business acquisition space:
- Saad Benryane, CTO, who previously served as VP of Product at Paper.co, an AI-powered EdTech unicorn. Saad’s technical expertise drives Openfair’s scalable and intuitive platform.
- Fouad Raji, CEO, a seasoned M&A professional with over 15 years of experience and $500M in closed deals. His first-hand knowledge of the challenges in business transitions fuels Openfair’s mission to make the process easier for all.
“We’ve combined our expertise in technology and M&A to address a gap in the market,” says Raji. “Openfair is about preserving legacies, creating opportunities, and building stronger communities.”
Join the Movement
Whether you’re ready to sell, looking to buy, or simply exploring opportunities, Openfair is the trusted platform to help you achieve your goals.
Discover your next business venture at openfair.co.
Media Contact
Saad Benryane
CTO & Co-Founder
[email protected]
Fouad Raji
CEO & Co-Founder
[email protected]
About Openfair:
Openfair is a leading platform designed to simplify business ownership transitions. By addressing inefficiencies in traditional processes, Openfair connects verified buyers and sellers while ensuring transparency and efficiency at every stage of the journey.
