Mega Round
This latest funding round was led by the International Finance Corporation (IFC) and saw participation from Development Partners International (DPI), Lorax Capital Partners, Apis Partners, Lunate, and GB Corp. With this round, MNT-Halan has raised over US$ 630 million in equity and debt.
Tam Finans Acquisition
Commenting on the transaction, MNT-Halan’s Founder and CEO Mounir Nakhla said, “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.”
With a team comprising Saman Sadeghi, Tom Mitchell, Philip van Rossum, Ilona van den Bergh and Maarten Duijnker, Van Campen Liem assisted MNT-Halan on both the equity financing and the Tam Finans acquisition. The investors were represented by Gibson Dunn, Hogan Lovells and Freshfields. Clifford Chance served as legal advisor to EBRD and Actera.
We extend our congratulations to the Tam Finans and MNT-Halan teams, especially Mounir and Andre, along with all other parties involved.
For more information please visit:
https://www.businesswire.com/news/home/20240726752409/en/MNT-Halan-Expands-Into-Turkey-With-the-100-Acquisition-of-Market-leading-Finance-Company-Tam-Finans
or:
https://techcrunch.com/2024/07/26/egypts-mnt-halan-banks-157-5m-gobbles-up-a-fintech-in-turkey-to-expand/