Egyptian Fintech MNT-Halan Raises USD 157.5 M For Expansion

Egyptian fintech company MNT-Halan has raised USD 157.5 M in capital, with USD 40 M of that coming from the International Finance Corporation (IFC). Other investors were Development Partners International, Lorax Capital Partners, and funds managed by Apis Partners LLP, Lunate, and GB Corp. The current round follows raises of USD 400 M in January 2023 and USD 120 M in September 2021.

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.