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MNT-Halan raises $200m in new funding

Egypt based lending and payments fintech raised $200m in new funding led by Chimera Investments.

“We’re capitalizing on our existing distribution through million-plus customers and adding services within our ecosystem. If you need a loan for your business, we’re going to give you one; you need a loan for consumption, we’re going to give you one; you need to order groceries or buy a mobile phone on our platform, we’ll deliver it to you via our e-commerce stores. Also, we can give them the credit they can use to make all of these purchases within the ecosystem.”

Tags

egypt, payments, lending