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# Egyptian fintech startup MNT-Halan completes $150 million securitized bond issuance
- URL: https://www.techloy.com/egyptian-fintech-startup-mnt-halan-completes-150-million-securitized-bond-issuance/
- Published: 2022-07-01T08:10:35.000Z
- Updated: 2022-12-08T01:48:37.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Egypt

[MNT-Halan,](https://mnt-halan.com/) an Egypt-based fintech super app startup has announced its completion of securitized bond issuance at $150 million of its loan book, as the first tranche of its $600 million deal with Egypt's Commercial International Bank (CIB).

- The deal's proceeds will be invested in growing the startup's lending business lines and entering new markets.
- MNT evolved from a ride-hailing startup in 2018 to super app fintech services linking merchants, vendors, customers, and SMEs through its app, lending and payment software, payment solutions, and logistics.
- Abu Dhabi Commercial Bank, Al Ahli Bank of Kuwait, Al Baraka Bank, Agricultural Bank of Egypt, and the Housing and Development Bank participated in the deal.
- The startup last raised a $120 million investment in 2021 to fund its product development and international expansion.