Seed vs. Series A: African Fintech Funding Compared
Seed funding in Africa averages $1.6M in 2024, a 26% increase from the previous year. Series A funding has dropped to an average of $8.7M in 2023, down from $15M in 2022.
Top 5 Startups to Watch in Egypt in 2025
Egypt's ICT sector generates $6.5 billion in revenue in 2025. Over 600 startups are driving innovation in Egypt.
Egyptian Fintech MNT-Halan Secures $157.5 Million in Fresh Funding
MNT-Halan has secured $157.5 million in funding for its geographical expansion. The funding includes $40 million from the International Finance Corporation (IFC) and investments from other firms.
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.
