Egypt: MNT-Halan Reaches $1.4b Valuation After New Investment Round

Egyptian fintech MNT-Halan reached a $1.4 billion valuation after the first closing of a new investment round led by Al Ahly Capital, the investment arm of the National Bank of Egypt, Wamda reported.

The transaction was completed after regulatory approvals, with a second closing expected as part of the ongoing round. The size of the investment was not disclosed.

MNT-Halan said most of the proceeds will be used to expand its operations in Egypt while supporting regional growth. The company operates…