International Finance Corporation led a $157.5m funding round in MNT-Halan.

International Finance Corporation, an international financial institution, led a $157.5m funding round in MNT-Halan, a microfinance lending and payment company, with participation from Development Partners International, Lorax Capital, Apis Partners, Lunate, and GB Corp. “While Egypt remains our primary market, we are committed to revolutionizing access to financial services through technology beyond Egypt’s borders. Our M&A strategy capitalizes on our technology and industry expertise while leveraging our partners’ local knowledge, management capabilities, and licenses. We are happy to have the IFC on board and to see the continued confidence from our current shareholders through their participation in this round,” Mounir Nakhla, MNT-Halan Founder and CEO.