MNT-Halan, an Egyptian fintech startup and e-commerce system provider, raised $400M in equity.
The company provides a B2B e-commerce platform that offers fast-moving consumer goods and next-day delivery.
- MNT-Halan reached unicorn status with a valuation of $1B.
- The platform from the startup mainly serves small merchants and retailers.
- The fintech MNT-Halan also provides loans to these merchants.
- The company plans to directly offer grocery shopping and electronics to consumers soon.