We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to MNT-Halan, a leading force in Egypt's FinTech sector and the country’s first unicorn in connection with successful completion of a USD 157.5 million 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 strong position for further regional expansion. The company's rapid growth is evident, having expanded its customer base more than 20-fold to over seven million users.

The MBH team advising on the transaction was led by Hazem El Guindi (Partner) and included Shaimaa El Fahmy (Senior Associate).

Muhammed Nassef (Partner) and Omar Adel (Counsel) were also involved, advising on MNT disclosures.

For more about Matouk Bassiouny, check out our website at https://matoukbassiouny.com/.