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MNT-Halan raises $120m in new funding

Egypt based microfinance lending and payments service raised $120m in new funding from investors including Apis Growth Fund II, Development Partners International, and Lorax Capital Partners.

"It is a digitally enabled company that is literally digitising the unbanked and bringing financial services to the unserved," said Matteo Stefanel, a managing partner at Apis Partners, whose Apis Growth Fund II is also among the lead investors.

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egypt, lending, payments