Al Ahly Pharos Investment Banking concluded its role as financial advisor to MNT-Halan on its latest capital-raising round, which raised the fintech firm's valuation to $1.4 billion.

Al Ahly Capital, the investment arm of the National Bank of Egypt (NBE), has led the first closing of an investment round in Egypt-based fintech company MNT-Halan, following the completion of all required regulatory approvals.

Halan AZ Real Estate Investment Fund has closed the inaugural tranche of its diversified real estate investment trust (REIT), marking its first investment in hospitality assets through a partnership with Brassbell Hospitality Group.

The Financial Regulatory Authority (FRA) approved Azimut Investments-Egypt’s request to establish the first digital platform for investing in real estate investment trust (REIT) units, according to a statement.

MNT-Halan’s business lending vertical has successfully concluded a landmark EGP 2.5 billion corporate bond issuance

MNT-Halan, the leading Egyptian fintech company, has entered the UAE market as part of its expansion across the region.

Egypt-based MNT-Halan’s funding portfolio is expected to surpass $1 billion by the end of 2024.

Egypt-based MNT-Halan has acquired Tam Finans, a Turkish commercial finance firm with a loan book exceeding $300 million, from Actera Group and the European Bank for Reconstruction and Development (EBRD).

MNT-Halan, Egypt’s fintech unicorn, has raised $157.5 million from international investors to accelerate its geographical expansion beyond Egypt.

Halan, the consumer finance arm of the first unicorn fintech in Egypt MNT-Halan, has closed an EGP 971.5 million securitized bond issuance.

The first unicorn fintech in Egypt MNT-Halan has finalized five tranches of securitized bond issuances through its wholly-owned subsidiaries in consumer finance and microfinance in 2023.