Egyptian Fintech Giant Raises $157.5 Million in Latest Investment Round
Egyptian fintech unicorn MNT Halan has raised $157.5 million in its latest funding round, with contributions from the International Finance Corporation (IFC), Development Partners International (DPI), and others.
This new capital will support MNT Halan’s regional expansion, with plans to enter Pakistan as a key market outside Egypt. CEO Mounir Nakhla emphasized that the company will focus on growth through mergers, acquisitions, and partnerships, leveraging local expertise and licenses.
The funding round follows MNT Halan’s achievement of unicorn status in January 2023, boosting its valuation to over $1 billion.
Clever Robot News Desk 27th July 2024
