Egyptian Fintech Startup MNT-Halan Raises USD 120 Mn Funding Round

MNT-Halan, an Egyptian fintech startup, has received a USD 120 Mn investment from significant global and regional growth investors to expand worldwide and further enhance its product. The round was led by Apis Growth Fund II, Development Partners International (DPI), and Lorax Capital Partners and also features Middle East Venture Partners, Endeavor Catalyst, and Disruptech.

Through its consumer-facing app, merchant app, distributed lending, payment processing software, and payment solutions, the startup’s proprietary fintech ecosystem connects customers, vendors, and micro-enterprises and offers services like ride-hailing and logistics.