Egypt’s MNT-Halan banks $157.5M, gobbles up a fintech in Turkey to expand
MNT-Halan, an Egyptian fintech unicorn, raised $157.5 million to acquire Tam Finans and expand its microfinance services into Turkey.
MAIN POINTS
- MNT-Halan raised $157.5 million in funding.
- The funds will support the acquisition of Tam Finans.
- Expansion moves include entering the Turkish market.
TAKEAWAYS
- MNT-Halan is consolidating its position in the fintech sector.
- The acquisition targets micro-enterprises and SMEs.
- Strategic expansion into Turkey aims to broaden market reach.