How did Egypt’s MNT-Halan manage to raise $157.5 million and conquer the Turkish fintech market?

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découvrez comment mnt-halan a levé 157,5 millions de dollars pour se renforcer sur le marché fintech turc, propulsant l'innovation et l'accès aux services financiers en turquie.

In an ever-evolving fintech landscape, few captivating stories stand out like that of MNT-Halan. This Egyptian company has successfully raised $157.5 million, thus propelling its expansion strategy into the Turkish market. How did it manage to establish itself in the face of competition, and what keys to its success can inspire other industry players? Let’s dive into the heart of this extraordinary achievement, revealing the innovative strategies and bold visions that enabled MNT-Halan to conquer new horizons.

Raising $157.5 Million: MNT-Halan’s Strategy

mnt-halan, a fintech startup in Turkey, has successfully raised $157.5 million to enhance its development and innovations in the financial sector. Discover how this funding is set to transform the fintech ecosystem in Turkey.

The Egyptian fintech MNT-Halan has recently completed an impressive fundraising of $157.5 million. With this new injection of capital, the company has not only been able to solidify its position in Egypt but also to initiate a strategic expansion into other markets, notably Turkey.

The Strategic Acquisition of Tam Finans

To enter the Turkish market, MNT-Halan acquired Tam Finans, a company specializing in financing micro-enterprises and SMEs. This acquisition is part of a strategy aimed at tapping into the vast growth potential represented by Turkey’s unbanked population, estimated at over 30%.

Key Players and Partnerships

The deal with Tam Finans has also enabled two major investors, Actera and the European Bank for Reconstruction and Development (EBRD), to become shareholders in MNT-Halan. This integration of strong partners enhances the credibility and funding capacity of MNT-Halan in the long term.

Diverse Products and Services

MNT-Halan’s expansion also involves diversifying its products and services. The company offers a variety of solutions ranging from consumer financing to prepaid cards, as well as electronic wallets and mobile payment solutions. This diversification allows MNT-Halan to reach a broader customer base and generate multiple sources of revenue.

Growth Prospects in the Turkish Market

Turkey offers a conducive environment for the establishment of MNT-Halan’s services. The country has a GDP close to $1 trillion, and a significant portion of its population remains unbanked. This market presents enormous potential for innovative fintechs capable of meeting the financial needs of MSMEs (Micro, Small, and Medium Enterprises) and individuals.

Impact of MNT-Halan’s Super App

Last April, MNT-Halan launched a super app that combines all of its services under one interface. This app allows users to easily manage their finances, borrow money, and make payments, all with just a few clicks. The super app has already attracted 1.8 million quarterly users and continues to grow.

Future Forecasts and Objectives

MNT-Halan has ongoing growth ambitions. In 2022, the company achieved a revenue of over $300 million and aims for between $500 and $600 million by 2024. This growth is accompanied by plans for expansion into other markets after Turkey, with strategic moves anticipated in Pakistan and beyond.

  • Key elements of the fundraising:
    • Strategic investments
    • Strong partnerships

  • Strategic investments
  • Strong partnerships
  • Expansion strategies:
    • Acquisition of Tam Finans
    • Utilization of the super app

  • Acquisition of Tam Finans
  • Utilization of the super app
  • Target market:
    • Unbanked Turkish population
    • Growth potential for MSMEs

  • Unbanked Turkish population
  • Growth potential for MSMEs
  • Developed products and services:
    • Prepaid cards
    • Electronic wallets

  • Prepaid cards
  • Electronic wallets
  • Objectives and forecasts:
    • Projected revenue for 2024
    • International expansion


  • Projected revenue for 2024



  • International expansion







  • Strategic investments



  • Strong partnerships







  • Acquisition of Tam Finans



  • Utilization of the super app







  • Unbanked Turkish population



  • Growth potential for MSMEs







  • Prepaid cards



  • Electronic wallets







  • Projected revenue for 2024



  • International expansion





By successfully raising $157.5 million and consolidating its achievements through strategic partnerships and acquisitions, MNT-Halan positions itself as a major player in fintech not only in Egypt but also in promising new markets like Turkey.






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Tags :
"mnt-halan" translates to "mountain road" in English.,5 million dollars,conquest,Egypt,fintech market

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