MNT-Halan closes $150 million securitised bond issuance
- Date: 06-Jul-2022
- Source: Wamda
- Sector:Financial Markets
- Country:Egypt
MNT-Halan closes $150 million securitised bond issuance
Press release
MNT-Halan, Egypt’s leading fintech player, announced today that its wholly- owned subsidiary, Tasaheel, has securitized US$ c.150 million of its loan book in the first issuance of a US $600M program with Commercial International Bank (CIB), Egypt’s largest private sector bank. The proceeds will fuel the company’s accelerated growth across multiple lending business lines and MNT-Halan’s expansion into new verticals.
MNT-Halan is Egypt’s leading fintech and largest non-bank lender to the un- and under-banked. The company’s digital ecosystem includes small business and consumer lending, payments, and e-commerce, all of which are backed by the company’s proprietary technology - Neuron.