MNT-Halan is committed to providing seamless financial services to unbanked and unbanked customers in Egypt and surrounding regions. Its digital he ecosystem includes business loans, consumer finance, payments and e-commerce, all powered by its proprietary technology, Neuron. The company has 1.3 million monthly active his users and in Egypt he serves over 5 million customers.
Chimera Abu Dhabi has invested over $200 million in MNT-Halan and acquired over 20% stake. The fintech firm has raised $140 million through his two securitized bond issuances and is in the process of raising another $60 million from international investors. The two securitizations, worth $140 million, will be conducted through Tasaheel Microfinance Company and Halan Consumer Finance, with major regional and regional financial institutions such as Commercial International Bank, Abu Dhabi Commercial Bank, National Bank of Egypt and Al Ahli. participated and were oversubscribed. Kuwait Bank.
The additional funding will support MNT-Halan’s growth and further its mission to provide cutting-edge financial products and services locally and internationally to empower underserved populations. help. The company has the ability to securitize up to $250 million in its securitization program, spurring growth in loan balances.
Investment in the Middle East and Africa (MENA) region has increased in recent years, making the fintech sector particularly attractive to investors. The growing number of tech-savvy young consumers in the region has enormous growth potential and has become a hotbed for his venture capital and private his equity investments. This trend was further bolstered by MNT-Halan’s recent funding round, which raised $400 million in investment.