Home » MNT-Halan Attracts $400 Million in Largest Funding in Egypt and the Middle East in the Past 12 Months

MNT-Halan Attracts $400 Million in Largest Funding in Egypt and the Middle East in the Past 12 Months

by Dubaiforum

Chimera Abu Dhabi invests more than $200 million in Egypt’s leading fintech

Company also raises US $140 million through two securitized bond issuances

Company is in advanced stages to close additional $60 million of primary capital from international investors

MNT-Halan, Egypt’s leading and fastest growing fintech ecosystem, announced today that Chimera Abu Dhabi has invested more than $200 million in equity in exchange for over 20% of the company. In addition, the company is in advanced stages with leading international investors to raise $60 million of primary capital. Following the completion of these investments, MNT-Halan’s valuation will exceed $1 billion. These investments demonstrate continued confidence in MNT-Halan’s value proposition, management team and superior technology, and will also enable international growth. This funding follows a $120 million investment in Q3 2021 by other major global and regional growth investors, including Development Partners International (DPI), Apis Growth Fund II, and Lorax Capital Partners.

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