Funding round
MNT-Halan Growth
Reported as "Growth Equity"
MNT-Halan, which works in digital lending services in Egypt, raised $158M in a Growth round announced on 19 Jul 2024, led by International Finance Corporation. 6 firms took part. It is MNT-Halan's third venture round on record; the one before was a Growth in Feb 2023.
$158M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
MNT-Halan did not disclose a valuation in this round; its last disclosed one was $1.00B at the Growth (Feb 2023). It came 17 months after MNT-Halan's Growth. It is 23% of the $678M MNT-Halan has raised in the venture rounds on record. MNT-Halan raised again 23 months later: a Growth round in Jun 2026, at $1.40B post-money.
MNT-Halan's funding rounds
MNT-Halan has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Growth 8 Sep 2021, led by Apis Partners $120M
- Growth 1 Feb 2023, led by Chimera Abu Dhabi $400M$1.00B post-money
- Growth this round 19 Jul 2024, led by International Finance Corporation $158M
- Debt not a venture round 1 Apr 2026 $41M
- Growth 8 Jun 2026, led by Al Ahly Capital Holding amount not disclosed$1.40B post-money
Investors
Who put money in
International Finance Corporation led the round with 5 other firms.
Lead investor
- International Finance Corporation backs 92 venture-backed companies new investor
Also in the round
- backs 12 venture-backed companies new investor
- backs 3 venture-backed companies new investor
- backs 19 venture-backed companies new investor
- Lunate new investor
- GB Corp new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
43 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $60M, and this round was 2.6 times the median. The closest in time, other companies' Growth rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 16 Jul 2024 | $33M | not disclosed | LeapFrog Investments |
| Loans & Financing | 12 Aug 2024 | $38M | not disclosed | Pollen Street Capital |
| Loans & Financing | 1 Aug 2024 | $26M | not disclosed | not named |
| Loans & Financing | 17 Sep 2024 | $617M | not disclosed | not named |
| Loans & Financing | 25 Sep 2024 | $223M | not disclosed | not named |
| Loans & Financing | 5 Sep 2024 | $113M | not disclosed | International Finance Corporation and East West Bank |
| Loans & Financing | 9 May 2024 | $62M | not disclosed | not named |
| Prodigy Finance Loans & Financing | 10 Sep 2024 | $30M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did MNT-Halan raise in its Growth round?
MNT-Halan raised $158M in its Growth round, announced in Jul 2024.
Who led MNT-Halan's Growth round?
International Finance Corporation led it, with Development Partners International, Lorax Capital Partners, Apis Partners, Lunate and GB Corp.
What was MNT-Halan's valuation at the Growth round?
It was not disclosed; its last disclosed one was $1.00B at the Growth (Feb 2023).
How does it compare with other Growth rounds in Loans & Financing?
43 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $60M, and this round was 2.6 times the median.
Did MNT-Halan raise again after this round?
Yes: a Growth round in Jun 2026 at $1.40B post-money.