MNT-Halan, a FinTech ecosystem and startup, announced today that Chimera Abu Dhabi has invested more than $200 million in equity in exchange for over 20% of the company.
In addition, the company is in stages with leading international investors to raise $60 million of primary capital. According to the press release, after the completion of these investments, MNT-Halan’s valuation will exceed $1 billion.
This funding follows a $120 million investment last year by other major global and regional growth investors, including Development Partners International (DPI), Apis Growth Fund II, and Lorax Capital Partners.
The company also announced two securitizations totaling $140 million through subsidiaries Tasaheel Microfinance Company (Tasaheel) and Halan Consumer Finance (Halan) with Commercial International Bank (CIB), Egypt’s largest private sector bank.
MNT-Halan digital ecosystem includes business loans, consumer finance, payments and e-commerce, all of which are backed by Neuron, the company’s proprietary technology.
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