MNT-Halan has raised $400M to offer microloans and buy-now-pay-later features for Egypt and the MENA region.
The company has now reached a $1B valuation.
- MNT-Halan has 5 million users, of which 2 million have borrowed using the company's microloans platform.
- The company offers features such as:
- Small and medium-sized business lending (up to $6,600), which clients receive in three working days,
- Buy-now-pay-later,
- Nano loans (up to $66),
- Light vehicle financing, and
- Payroll lending for up to 80% of an employee's salary.
- Chimera Abu Dhabi led the funding round with a $200M investment in exchange for $20% equity.
- The company is headquartered in Cairo, Egypt.