Egyptian fintech, MNT-Halan, raises $157.5m in financing to extend market penetration

Egyptian FinTech company, MNT-Halan has raised $157.5 million in funding, including $40 million from the International Finance Corporation (IFC), with the remainder coming from Development Partners International (DPI), Lorax Capital Partners, funds managed by Apis Partners LLP, Lunate, and GB Corp.

With the funding now secured, MNT-Halan intends to revolutionize access to financial services for individuals and enterprises in the country via its digital platform, claiming to serve “millions”.

With the funding now secured, MNT-Halan intends to revolutionize access to financial services for individuals and enterprises in the country via its digital platform, claiming to serve “millions”.

MNT-Halan was founded in 2018 with the goal of providing digital banking services to the unbanked and replacing cash with electronic alternatives.

By Ahmed Boulor.
Full story at Ripples Nigeria.