Key Developments
Egyptian Fintech MNT-Halan Expands into Turkey with Acquisition of Tam Finans
Founded in 2018, MNT-Halan has rapidly grown to become a leading provider of financial services in Egypt, offering a range of products including small and micro-business lending, consumer finance, payments, and e-commerce.
Tam Finans has a robust loan book valued at over $300 million and a strong presence in the Turkish market.
Mounir Nakhla, Founder and CEO of MNT-Halan, expressed enthusiasm about the deal, stating, “The combination of Tam Finans’ expertise and MNT-Halan’s technology will create a powerful force in the Turkish market. We are confident in our ability to deliver innovative financial solutions to millions of businesses and consumers in Turkey.”
The acquisition follows MNT-Halan’s recent $157.5 million fundraising round, which was earmarked for international expansion.
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