![](/images/newsimages/egypt’’s-mnt-halan-raises-157-5m-for-regional-push.png)
Egyptian fintech unicorn MNT-Halan is prepping regional expansion after securing around $157.5 million in funding.
The International Finance Corporation has pumped $40 million into MNT-Halan, with Development Partners International, Lorax Capital Partners, funds managed by Apis Partners LLP, Lunate, and GB Corp participating on the round.MNT-Halan is building a fintech ecosystem, providing Egypt’s underbanked with business and consumer loans, pre-paid cards, e-wallets, e-commerce, gold, and money market fund investments, with more services launching soon.Since launch in 2018 using its own proprietary technology, the startup has grown over 20x to serve more than 7 million customers. Mounir Nakhla, MNT-Halan, CEO, says: "While Egypt remains our primary market, we are committed to revolutionizing access to financial services through technology beyond Egypt’s borders. Our M&A strategy capitalizes on our technology and industry expertise while leveraging our partners’ local knowledge, management capabilities, and licenses."
By on Thu, 25 Jul 2024 00:01:00 GMT
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