Egypt’s MNT-Halan expands into Turkey with acquisition of Tam Finans
The move comes after the Giza-based firm announced a $157.5 million funding round last week.
The move comes after the Giza-based firm announced a $157.5 million funding round last week.
FinTech Futures takes a look back at five of the top funding rounds to take place over July.
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The international expansion will be aided by both M&As and partnerships.
Taking Stripe out of the equation, funding actually fell 12% over the same period, coming in at $8.5 billion.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
MNT-Halan claims it is the largest investment across Egypt and the Middle East over the past 12 months.
Featuring Varo, Scalapay, Wave, MNT Halan and Marshmallow.
The Egyptian digital platform connects merchants and users who are typically excluded from financial institutions.