MBH with MNT-Halan on its USD 157.5 mln funding round
Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to MNT- Halan in connection with successful completion of a USD 157.5 million funding round.
MBH team
The MBH team advising on the transaction was led by partner Hazem El Guindi (pictured) and included Shaimaa El Fahmy (senior associate). Muhammed Nassef (partner) and Omar Adel (counsel) were also involved, advising on MNT disclosures.
About the funding round
This latest capital infusion includes a substantial contribution of USD 40 million from the International
Finance Corporation, alongside significant investments from Development Partners International, Lorax
Capital Partners, funds managed by Apis Partners LLP, Lunate, and GB Corp.
This funding round follows a remarkable USD 520 million raised over the past two years, reinforcing MNT – Halan’s position for further regional expansion.
MNT-Halan
MNT-Halan, Egypt’s first unicorn, was founded in 2018 in Egypt, with a mission to revolutionize access to financial services through technology.
