Al Ahly Pharos Investment Banking served as financial advisor to MNT-Halan in a recent funding round that raised the fintech company's valuation to $1.4 billion.
Al Ahly Pharos Investment Banking acted as the exclusive financial advisor to MNT-Halan on its latest fundraising round. The transaction was backed by a strategic investment from Al Ahly Capital Holding and lifted the company's valuation to $1.4 billion.
Ahmed Heider, CEO of Al Ahly Pharos Investment Banking, said the deal showed the firm's ability to structure transformative fintech transactions. He noted that MNT-Halan serves as a catalyst for economic empowerment in the region.
Mounir Nakhla, founder and CEO of MNT-Halan, highlighted the firm's role in navigating the transaction. He said the milestone supports efforts to digitise financial services for unbanked and underbanked communities across the Middle East and North Africa.