249
Private investing firm Chimera Abu Dhabi has bought a 20% stake in Egyptian fintech MNT-Halan for $200 million.
MNT-Halan is also in talks with investors about another $60 million raise in a deal that would value the firm at more than $1 billion. In addition, it has secured $140 million through two securitised bond issuances.
MNT-Halan is building a fintech ecosystem, providing Egypt’s underbanked with business loans, consumer finance, payments and e-commerce offerings, all backed by Neuron, the companys proprietary technology.