Home Egypt Egypt’s MNT-Halan is Africa’s newest unicorn

Egypt’s MNT-Halan is Africa’s newest unicorn

by Press Room

Fintech startup MNT-Halan raked in an impressive $400 million in a hybrid equity-debt financing round, propelling its post-money valuation to much-coveted billion-dollar unicorn status.

Africa’s unicorn landscape had remained fallow since Nigeria’s Chipper Cash achieved a similar feat in November 2021, through a Series C extension led by FTX and totaling $150 million.

MNT-Halan’s feat entrenches Egypt in the elite club of African states…

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