– MNT-Halan, Egypt’s first unicorn, has raised $157.5 million in a new funding round, bringing its total funding to $677.5 million over the past two years.

– The funding, which includes $40 million from the International Finance Corporation (IFC), will fuel MNT-Halan’s regional expansion and enhance access to financial services beyond Egypt through technology.

– Since its 2018 launch, MNT-Halan has expanded its customer base 20-fold to over seven million users, disbursed more than $4.4 billion in loans, and achieved 2.2 million quarterly active users.

MNT-Halan, Egypt’s first unicorn, has secured $157.5 million in a new funding round to support its regional expansion.

This latest funding round brings MNT-Halan’s total to $677.5 million over the past two years.

The funding round witnessed contribution from the International Finance Corporation (IFC), with additional investments from Development Partners International (DPI), Lorax Capital Partners, Apis Partners LLP, Lunate, and GB Corp.

MNT-Halan has grown rapidly since its launch in 2018, with a customer base of over seven million users, 20-fold increase.

“While Egypt remains our primary market, we are committed to revolutionizing access to financial services through technology beyond Egypt’s borders,” said Mounir Nakhla, founder and CEO of MNT-Halan.

“Our M&A strategy capitalizes on our technology and industry expertise while leveraging our partners’ local knowledge, management capabilities, and licenses. We are happy to have the IFC on board and to see the continued confidence from our current shareholders through their participation in this round.”

The company’s Halan app offers various financial services, including loans, prepaid cards, e-wallets, e-commerce, gold, and money market fund investments. MNT-Halan has disbursed more than $4.4 billion in loans and has 2.2 million quarterly active users.