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93505 California City

United States

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

The round includes $260 million in equity financing and $140 million through two securitized bond issuances secured within the past year.

Egypt received a total of $88 million in debt funding from 2018 to 2022, and accounted for more than 27% of total deals in the region.

Vodafone Egypt was consolidated from Dec. 8, contributing over 1.8 billion rand to group service revenue.

The increases in Uber services also included the Uber X Saver Service, so that the cost of the start of the trip became nine LE instead of LE7.80.

This marks its first investment in the Gulf Cooperation Council (GCC) but second in the MENA region after Egyptian fintech Paymob.

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