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Egyptian Financial Services Provider Mnt-Halan Valued At $1B In $400M Funding

PRIVATEFeb 01, 2023

Amount Raised

$400 Million

Round Type

Funding Round

GizaE CommerceRetailFintechInternet

Investors

Disrup TechApis PartnersCommercial International BankDisrupt TechEndeavor CatalystMiddle East Venture PartnersLorax Capital PartnersDevelopment Partners InternationalApis Growth Fund Ii

Description

Egyptian fintech and e-commerce ecosystem MNT-Halan has raised up to $400 million in equity and debt financing from local and global investors as it continues to serve underbanked and unbanked customers in the North African country.

Quick answer

MNT-Halan raised $400 Million in a Funding Round round, dated February 1, 2023. Investors: Disrup Tech, Apis Partners, Commercial International Bank, Disrupt Tech, Endeavor Catalyst, Middle East Venture Partners, Lorax Capital Partners and Development Partners International. MNT-Halan is based in Giza, Giza, Egypt.

How much did MNT-Halan raise?
MNT-Halan raised $400 Million in a Funding Round round on February 1, 2023.
Who invested in MNT-Halan?
Disrup Tech, Apis Partners, Commercial International Bank, Disrupt Tech, Endeavor Catalyst, Middle East Venture Partners, Lorax Capital Partners and Development Partners International are named as investors in this round.
What does MNT-Halan do?
MNT-Halan is Egypt’s leading fintech ecosystem and the largest and fastest growing lender to the unbanked and underbanked.
Where is MNT-Halan based and how big is it?
MNT-Halan is based in Giza, Giza, Egypt.
Who are the decision-makers at MNT-Halan?
Fundz holds 3 contacts at MNT-Halan, including the Chief People Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in E Commerce and Retail around the same time

Companies in the same sectors as MNT-Halan that raised within 45 days of this round, from Fundz verified event records.

  • REGO Payment Architectures raised $20M (Funding Round) on March 16, 2023.
  • APEXX Global raised $27M (Funding Round) on March 13, 2023.
  • Cerebelly raised an undisclosed amount (Series A) on March 9, 2023.
  • Elyn raised $2.6M (Seed) on March 8, 2023.
  • Relai raised $4.5M (Seed) on March 6, 2023.
  • Rezolve AI raised $250M on February 27, 2023.

Who to call at MNT-Halan, and when

A new round usually means MNT-Halan is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

MNT-Halan

Location

Giza, Giza, Egypt

About

MNT-Halan is Egypt’s leading fintech ecosystem and the largest and fastest growing lender to the unbanked and underbanked. Founded in 2018, with roots dating back to 2010, the company is headquartered in Cairo, Egypt. MNT-Halan was created to digitally bank the unbanked and substitute cash with electronic solutions. The MNT-Halan digital ecosystem includes small and micro business lending, payments, consumer finance, and e-commerce. With c.1 million monthly active users, MNT-Halan serves more than 4 million customers in Egypt, of which 3.1 million are financial clients and 1.8 million are borrowers. MNT-Halan has obtained the micro, consumer and nano finance licenses from the Financial Regulatory Authority enabling it to provide services to both businesses and consumers across Egypt. It has also obtained the first independent electronic wallet license from the Central Bank of Egypt to disburse, collect and transfer money digitally through mobile applications.

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Related People

3 contacts
Verified contactsWalid A., Chief People Officer hidden hidden hiddenSee plans and pricing
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MNT-Halan raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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