Apis Partners, DPI and Lorax Capital led a $120m investment in MNT-Halan.

Private equity firms Apis Partners, Development Partners International and Lorax Capital led a $120m investment in MNT-Halan, a fintech company. Other investors include Middle East Venture Partners, Endeavor Catalyst, and DisruptTech. “We are thrilled to be investing in MNT-Halan, which is our first investment in Egypt. Our belief is that they will be the leading player digitizing the unbanked and bringing financial services to millions of underserved customers in the country, and we look forward to partnering with them to extend their impressive growth trajectory. We believe Mounir Nakhla’s track record, combined with MNT-Halan’s tech team and operational expertise, provide the ideal opportunity to invest in Egypt’s fintech sector," Matteo Stefanel and Udayan Goyal, Apis Managing Partners and Co-Founders.