MNT-Halan raised up to $400 million in equity and debt financing

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Egyptian fintech and e-commerce ecosystem MNT-Halan raised up to $400 million in equity and debt financing from local and global investors as it continues to serve underbanked and unbanked customers in the North African country.

Halan, which operated a digital wallet that offered bill payments, e-commerce, and ride-hailing services as well as micro, nano, and consumer loans, entered into a swap agreement with MNT Investments (an Egyptian microlending platform with roots dating back to 2010) to provide financing solutions to the underbanked and unbanked. The fintech claims to have made more than $300 million in revenue last year, representing a modest 3.4x multiple on its unicorn valuation that corresponds to current public market calculations.

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MNT-Halan raised up to $400 million in equity and debt financing

Egyptian fintech and e-commerce ecosystem MNT-Halan raised up to $400 million in equity and debt financing from local and global investors as it continues to serve underbanked and unbanked customers in the North African country.

Halan, which operated a digital wallet that offered bill payments, e-commerce, and ride-hailing services as well as micro, nano, and consumer loans, entered into a swap agreement with MNT Investments (an Egyptian microlending platform with roots dating back to 2010) to provide financing solutions to the underbanked and unbanked. The fintech claims to have made more than $300 million in revenue last year, representing a modest 3.4x multiple on its unicorn valuation that corresponds to current public market calculations.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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