MNT Halan Raises $130 Mn Securitisation Bond Issuances

MNT-Halan, Egypt’s leading and fastest-growing fintech
ecosystem, 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 advanced
stages with leading international investors to raise $60 million of primary capital.

Following
the completion of these investments, MNT-Halan’s valuation will exceed $1 billion.

This
funding follows a $120 million investment in Q3 2021 by other major global and regional
growth investors, including Development Partners International (DPI), Apis Growth Fund II,
and Lorax Capital Partners.

MNT-Halan’s digital ecosystem includes
business loans, consumer finance, payments, and e-commerce, all of which are backed by
Neuron, the company’s proprietary technology.

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. Tasaheel has
securitized $100 million of its loan book in the second issuance of its securitization program.

MNT-Halan was founded in 2018, the digital ecosystem
includes small and micro business lending, payments, consumer finance, and e-commerce.
With 1.3 million monthly active users, MNT-Halan serves more than 5 million customers in
Egypt, of which 3.5 million are financial clients and over 2 million are borrowers.

Established in 2007, Chimera is an Abu Dhabi-based private investment firm managing 
a diversified portfolio of listed and unlisted equities on local and regional markets.