Fintech
Egyptian Fintech MNT-Halan Raises $157.5M for Expansion
Egyptian Fintech MNT-Halan Raises $157.5M for Expansion
Egyptian fintech company MNT-Halan has raised $157.5 million in capital, including $40 million from International Finance Corporation (IFC). Other investors were International Development PartnersLorax Capital Partners and funds managed by Apis Partners LLP, Lunate and GB Corp. The current round follows the raisings of 400 million dollars in January 2023 and 120 million dollars in September 2021.
Through its consumer app, merchant app, distributed lending, payment processing software, and payment solutions, the startup’s proprietary fintech ecosystem connects customers, suppliers, and microbusinesses and offers services like ride-hailing and logistics.