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Egypt's MNT-Halan, a microfinance and payments startup, has raised $157.5 million in its latest funding round. The company is expanding its operations into Turkey through the 100% acquisition of Tam Finans, a market-leading finance company. MNT-Halan has a combined loan book of slightly less than $1 billion and has disbursed over $4.5 billion worth of loans. The company currently serves 2 million quarterly active customers and is projecting revenues of $500-600 million by the end of 2024.
New: Egypt’s MNT-Halan banks $157.5M, gobbles up a fintech in Turkey to expand. -combined loan book of “slightly less than $1B.” -$4.5B+ worth of loans disbursed -2 million quarterly active customers -projecting $500-600M in revs by the end of 2024. https://t.co/HApZmVfjKC
MNT-Halan Expands Into Turkey With the 100% Acquisition of Market-leading Finance Company Tam Finans https://t.co/T1xwjlYGh5 https://t.co/A5kVqTH5nY
Egypt’s MNT-Halan banks $157.5M, gobbles up a fintech in Turkey to expand: https://t.co/EYeTzHOpYi by TechCrunch #infosec #cybersecurity #technology #news
