MNT-Halan has raised $400M to offer microloans and buy-now-pay-later features for Egypt and the MENA region.

 




     


     


     


     

    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.

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