First Unicorn from Egypt joins Crunchbase board in February

Five companies joined The Crunchbase Unicorn Board in February — the fourth month in a row for new unicorns to number in the single digits.

Among these new unicorns is the first company from Egypt to join the board: Cairo-based fintech MNT-Halan, which provides digital wallets as well as buy now, pay later offerings and business loans. The service has 1.3 million monthly active users with more than 5 million customers in Egypt. With this strong foothold, MNT-Halan plans to expand to surrounding countries in the region.

A further three companies joined from the U.S. and one company from China.

A year ago, in February 2022, 56 companies joined the Unicorn Board, before new unicorn numbers progressively dropped throughout the year.