Egypt’s MNT-Halan Raises $130M Securitisation to Take 2023 Funding to Over $400M, Attains Unicorn Status 🇪🇬
🚀 Egypt's MNT-Halan, the fastest-growing fintech startup and the country's first unicorn, secures $130 million in securitisation, bringing its 2023 funding to over $400 million. Founded in 2018, MNT-Halan aims to digitally bank the unbanked and substitute cash with electronic solutions, serving over 7 million customers in Egypt.
📈 This latest round of funding gives MNT-Halan unicorn status, with a valuation of over $1 billion. The company plans to target another $150 million by year-end.
🌟 MNT-Halan's successful bond issuances reflect the resilience of its business model, the high quality of its loan book, and a robust payback ability. The securitizations have been rated highly, further highlighting investor confidence.
🌐 The company is excited about launching new digital financial products in Egypt and beyond, building on its strong growth trajectory.
#Fintech #Unicorn #Egypt #Investment 🦄💰📈
Read more on Disrupt-Africa
