Egyptian FinTech and e-commerce ecosystem MNT-Halan has raised up to USD 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.
The round includes USD 140 million through two securitized bond issuances secured within the last year and USD 260 million in equity financing, giving MNT-Halan a post-money valuation of about USD 1 billion. About USD 200 million of the equity came from Chimera Investments, a company based in Abu Dhabi.
The investment company contributed that sum in exchange for 20% of the Egyptian e-commerce and digital lending platform, which is also in the midst of raising an additional USD 60 million in capital in the upcoming weeks.
Read More: Egyptian financial services provider MNT-Halan valued at $1B in $400M funding
