Egyptian fintech startup MNT-Halan has achieved unicorn status with a $400 million hybrid equity-debt financing round, valuing the company at over a billion dollars. This marks Egypt’s entry into Africa’s elite unicorn club and reflects growing investor confidence in the country’s tech sector.
MNT-Halan, founded in 2017, began as a ride-hailing platform but quickly expanded to offer on-demand logistics, food delivery, and eventually transformed into a super app focusing on mobile payments and financial services for underbanked communities.
The company’s innovative solutions have garnered significant attention, with loans exceeding $65 million issued monthly and a strong non-performing ratio. MNT-Halan’s success underscores Egypt’s emergence as a key destination for venture capital funding in Africa, fueled by its vibrant tech ecosystem and rapid startup growth.
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