Tech Company Financing Transactions
MNT-Halan Funding Round
joined a $400 million venture round for MNT-Halan. The round was announced on 2/1/2023.
Transaction Overview
Company Name
Announced On
2/1/2023
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$400,000,000
Round
Undisclosed
Investors
No investors have been recorded for this company.
Proceeds Purpose
The investment firm invested that amount in exchange for 20% of the Egyptian digital lender and e-commerce platform, which is also in advanced stages of raising $60 million in additional capital in the coming weeks.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Undisclosed
Giza, Undisclosed
EG
Giza, Undisclosed
EG
Phone
Undisclosed
Website
Email Address
Overview
MNT-Halan is Egypt's largest and fastest growing lender to the unbanked and underbanked. MNT-Halan was created to digitally bank the unbanked and substitute cash with electronic solutions. With a diversified portfolio of services and innovative solutions; including digital payment solutions: mobile wallets and cards. MNT-Halan has an Unparalleled BNPL E-commerce platform for home appliances and the FMCG sector.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Technical Officer
Ahmed Mohsen
Co-Founder
Ziad Abaza
Co-Founder
Mounir Nakhla
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