Egyptian financial services provider MNT-Halan valued at $1B in $400M funding

Egyptian fintech and e-commerce ecosystem MNT-Halan has raised up to $400 million in equity and debt financing from local and global investors as it continues to serve underbanked and unbanked customers in the North African country.
The round includes $260 million in equity financing and $140 million through two securitized bond issuances secured within the past year, investments that will now see MNT-Halan command a post-money valuation of about $1 billion.
A large chunk of the equity, about $200 million, was provided by Abu Dhabi–based Chimera Investments. The investment firm invested that a

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