MNT-Halan Expands with $157.5 Million Funding Boost

Egypt's leading FinTech company and first unicorn, MNT-Halan, has successfully raised $157.5 million in a recent funding round. This significant investment included $40 million from the International Finance Corporation (IFC), with the rest contributed by Development Partners International (DPI), Lorax Capital Partners, funds managed by Apis Partners LLP, Lunate, and GB Corp.

This new funding follows previous rounds that have collectively raised $520 million over the past two years, reinforcing MNT-Halan’s strong position for regional growth.

Founder and CEO Mounir Nakhla highlighted the company's strategic vision: “While Egypt remains our primary market, we are committed to revolutionizing access to financial services through technology beyond Egypt’s borders. Our M&A strategy capitalizes on our technology and industry expertise while leveraging our partners’ local knowledge, management capabilities, and licenses. We are happy to have the IFC on board and to see the continued confidence from our current shareholders through their participation in this round.”

Source: FinTech Global