Egypt’s MNT-Halan banks $157.5M, gobbles up a fintech in Turkey to expand
- MNT-Halan has raised $157.5 million in funding to acquire Turkish fintech Tam Finans.
- The combined entity resulting from the acquisition will have a loan book of nearly $1 billion.
- MNT-Halan plans to leverage Tam Finans' size, distribution networks, and financial potential to establish a strong presence in Turkey.
The acquisition of Tam Finans by MNT-Halan is a strategic move that allows the Egyptian fintech to expand its business into the Turkish market. With a loan book of nearly $1 billion and the opportunity to leverage Tam Finans' distribution networks, MNT-Halan has the potential to establish a strong foothold in Turkey. This acquisition, along with MNT-Halan's previous funding rounds, demonstrates the company's growth and ambition in the fintech industry.
