MNT-Halan, one of Egypt’s prominent businesses in the FinTech market, announced its accquistion of Talabeyah.
While MNT-Halan’s digital ecosystem provides lending services for both businesses and consumers, Talabeyah supplies small merchants and retailers with FMCG products, making this accquistion a “perfect fit” as described by Mounir Nakhla MNT-Halan’s CEO.
“MNT-Halan will enable Talabeyah to scale nationwide by providing access to hundreds of thousands of merchants and retailers, financing their customers’ purchases and backing the firm with our 120 tech engineers. I am excited to partner with Karim and his talented team to continue to extend our product offering to Egyptian retailers and further grow our loan book and margins.” said Nakhla.
This transaction witnessed legal advising from international law and consultation firms: VanCampen Liem, Maatouk, Bassiouny & Hennawy, White & Case, and Van Doorne
Read more: Tanmeyah acquired B2B e-commerce marketplace Fatura
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.
