PE Round

Others

Seed

Unknown Series Round

Series A

Cairo

Ashraf Zaki

Sherif Salem

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Investment in Startup

Explore Lorax Capital Partners's funding activity and portfolio trends in E-Commerce. Stay informed with Lucidity Insights.

Lorax Capital Partners

E-Commerce

Financial Services

Lorax Capital Partners is a private equity firm.

Debt Financing

MNT-Halan

Fintech

Digital Banking

Payments

Lending

Microfinance

Digital Payments

Consumer Lending

MNT-Halan is a microfinance lending and payments platform that offers financial services to both individuals and businesses.

Halan

Logistics & Storage

Halan is a ride-hailing application that provides two and three-wheeler vehicle rides and on-demand logistics.

Lucky

Apps

Credit

Lucky is Egypt’s leading fintech platform, empowering millions to take control of their financial lives. Lucky was built on a simple mission: to make smart, accessible financial solutions available to everyone.

Mylerz

Logistics

Deliveries

Shipping

Supply Chain

Transportation Services

Freight Service

Mylerz is an end-to-end logistics company operating across North Africa and the Middle East, providing reliable eCommerce delivery, fulfillment, and supply chain solutions with a focus on speed, flexibility, and customer experience.

Rabbit mart

Delivery Services

Grocery

Rabbit offers the region's widest online assortment of groceries, with ultra-fresh fruits, vegetables, and everyday essentials delivered in 20 minutes.

Connect Money

Finance

Mobile Apps

Banking

Rewards

Connect Money is an expert in providing white-labeled digital banking services to businesses, helping them offer financial products like card issuance and digital payments to their customers without the high cost and complexity of building their own infrastructure.

Dsquares

Software

Information Technology

Information Services

Loyalty Programs

Dsquares is a loyalty and rewards company that helps businesses increase customer loyalty and retention.

Connect Money, an Egyptian fintech, has raised $8 million in seed funding to expand its Banking-as-a-Service platform, which enables non-bank businesses to offer embedded finance services such as white-label debit and credit cards. The funding round was co-led by DisrupTech Ventures, Algebra Ventures, and Lorax Capital Partners, with participation from One Stop Capital and MDP. The startup plans to grow within and outside Egypt, targeting markets like Morocco and Kenya.

Connect Money scores $8M to enable non-bank businesses to offer embedded finance services

Lorax Capital Partners’ LCP Fund II acquired a minority stake in Dsquares, known as DSQ Group, according to a December 6thpress release.
The new investment mainly included a capital raise to support the scaling of new business lines, the company said. The move would boost further expansion for the firm, both locally and internationally.

Lorax Capital Partners acquires equity in DSQ Group

Mylerz, a Cairo-based e-commerce fulfillment startup, has raised $9.6 million in a funding round led by Lorax Capital Partners, with participation from Fawry. The company plans to expand into three new North African markets—Algeria, Tunisia, and Morocco—and further across Egypt. Mylerz aims to become a pan-African logistics provider, leveraging its platform for same-day deliveries and eco-friendly fleet. Fawry will support Mylerz with electronic payment and cash collection services.

Egypt’s Mylerz raises $9.6M for its e-commerce fulfillment service, eyes Africa-wide growth

The funding round, Egypt’s largest Fintech Series A round so far, was led by Nclude Fintech Fund by Global Ventures.
Proceeds will be used to increase market leadership and build out Lucky’s credit capabilities as customers become more educated and experienced using credit.

Fintech startup Lucky raises $25 million in Egypt's biggest Series A funding round

Egyptian fintech MNT-Halan has secured approximately US$120 million from global investors including Apis Partners, Development Partners International, Lorax Capital Partners, Middle East Venture Partners (MEVP), Endeavor, and DisrupTech Ventures. The funding will be used to drive innovation in technology and product development, scale to millions of customers, and expand cross-border.

Egyptian fintech MNT-Halan attracts US$120 million from global investors – MNT Halan

MNT-Halan, Egypt's largest lender to the unbanked, has secured a significant investment from a group of prominent venture capitalists, including Algebra Ventures, DisrupTech, Endeavor Catalyst, Egypt Ventures, MEVP, and Wamda, along with Nowaisii Capital, Shaka Capital, Uber’s founding CTO Oscar Salazar, Unidelta, and Battery Road Digital Holdings. This funding will support MNT-Halan's strategy to innovate its technology, expand its customer base, and enhance financial inclusion in Egypt and beyond. The company has disbursed over $1.7 billion in loans and serves more than 4 million customers.

Egyptian fintech MNT-Halan attracts circa US$120 million from global investors - Apis

More than 70% of Egypt’s young and fast-growing population of over 100 million is financially underserved, despite mobile penetration exceeding 90%.

Traditional banks often overlook this segment because of their spending power or financial status, and fintechs have seized the opportunity to cater to their needs.

One such fintech is MNT-Halan, and today, the company, which describes itself as “Egypt’s leading fintech ecosystem,” is announcing that it has closed a $120 million investment.

The investors backing MNT-Halan include private equity firms Apis Growth Fund II, Development Partners International (DPI) and Lorax Capital Partners, as well as VCs like Middle East Venture Partners, Endeavor Catalyst and DisruptTech.

They join previous local investors like GB Capital, DPI, Algebra Ventures, Wamda, Egypt Ventures, Shaka VC, Nowaisi Capital, Unidelta and Battery Road Digital Holdings that have backed the company in the past. 

In 2017, Mounir Nakhla and Ahmed Mohsen started Halan as a ride-hailing and delivery app offering two and three-wheeler services to customers in Egypt. Since then, it has provided other features, including wallets, bill payment services, e-commerce with buy now, pay later (BNPL) and micro and consumer loans, all in a bid to become a super app.

Then in June of this year, Netherlands-based MNT Investments BV entered a share swap agreement with the Egyptian super app to accelerate the progress of its payments and lending arm, especially in BNPL across Egypt and the MENA region.

Lorax Capital Partners

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 6 sectors we invest in

Portfolio Companies
or Investments

Executive Team Members

Lorax Capital Partners

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 6 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

Portfolio Companies
or Investments