MNT-Halan completed the acquisition of Tam Finans from Actera Group and EBRD.

MNT-Halan, a non-bank financial institution and fintech, completed the acquisition of Tam Finans, a commercial finance company, from Actera Group, a private equity firm, and European Bank for Reconstruction and Development, an international financial institution. Financial terms were not disclosed. “Today, MNT-Halan joins forces with Tam Finans to provide millions of businesses and consumers access to innovative financial services in Turkey. Combining Tam Finans’ credit models, distribution capabilities, and management team with MNT-Halan's technology, customer-facing app, and financial muscle will help complete the product offering and give greater confidence to all its stakeholders. Turkey and Egypt’s histories and cultures have been intertwined for hundreds of years and their current economic outlook points to a bright future that we are ready to capitalize on,” Mounir Nakhla, MNT-Halan Founder and CEO.