Africa’s New Unicorn: MNT-Halan Secures $400 Million In Funding

Egyptian fintech and e-commerce company MNT-Halan became Africa’s latest unicorn startup after raising up to $400 million in equity and debt financing.

The deal is the single-largest funding secured by an Africa-focused startup alongside Opay’s round in 2021 and produces another billion-dollar startup in Africa early this year, meaning Africa is back to minting unicorns after a year-long hiatus.

The startup is now Africa’s 8th unicorn, joining a list that includes Nigeria’s Flutterwave, Interswitch, and Jumia as well as Senegal-based Wave.

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