Egyptian fintech company MNT-Halan has raised US$157.5 million in funding to support its imminent geographical expansion. The MNT-Halan digital ecosystem includes small and micro business lending, payments, consumer finance, and e-commerce. The MNT-Halan digital ecosystem includes small and micro-business lending, consumer finance, pre-paid cards, e-wallets, savings, payments, and e-commerce. It is now set for international expansion after raising US$157.5 million in capital, with US$40 million 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.

Source: The North Africa Journal July 22, 2024 06:08 UTC