Egypt’s MNT-Halan expands into Turkey with acquisition of Tam Finans

Egyptian fintech MNT-Halan has acquired commercial finance company Tam Finans and its $300 million loan book to expand its operations into Turkey.

MNT-Halan has bought the company from private equity firm Actera Group and the European Bank for Reconstruction and Development (EBRD) for an undisclosed sum.

The move comes after the Giza-based firm announced a $157.5 million funding round last week to help drive its expansion efforts.

At the time, founder and CEO Mounir Nakhla said the company’s plans for international expansion would be powered through a mix of both M&As and partnerships.

By Tyler Pathe

Full story at Fintech Future.