MNT-Halan’s Post

MNT-Halan Expands Into Turkey With the 100% Acquisition of Market-Leading Finance Company Tam Finans Commenting on the transaction, MNT-Halan’s Founder and CEO Mounir Nakhla said, “Today, MNT-Halan joins forces with Tam Finans to provide millions of businesses and consumers access to innovative financial services in Turkey. Combining Tam Finans’ credit models, distribution capabilities, and management team with MNT-Halan's technology, customer-facing app, and financial muscle will help complete the product offering and give greater confidence to all its stakeholders. Turkey and Egypt’s histories and cultures have been intertwined for hundreds of years and their current economic outlook points to a bright future that we are ready to capitalize on.” https://lnkd.in/eyRBbz4K Hakan Karamanlı #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Egypt’s fintech leader, MNT-Halan, has made a significant move by acquiring Turkey’s top commercial finance company, Tam Finans, with a loan book exceeding $300 million. This marks a major expansion into the Turkish market, a country with a population of 85 million and a GDP over $1 trillion. MNT-Halan’s founder and CEO, Mounir Nakhla, highlighted the synergy between the two companies, promising innovative financial services for millions of businesses and consumers in Turkey. This acquisition follows MNT-Halan’s recent expansion into Pakistan, showcasing the company’s growing global presence and ambition to scale across borders. Discover more about this exciting partnership and its impact! #Fintech #GlobalExpansion #Egypt #Turkey #Finance #Innovation

𝗘𝗺𝗽𝗼𝘄𝗲𝗿𝗶𝗻𝗴 𝗘𝗴𝘆𝗽𝘁𝗶𝗮𝗻 𝗦𝗠𝗘𝘀: 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝘃𝗲 𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 Over the last couple of years, we have been tackling the financing gap in #Egypt's #SME sector through an innovative approach: value chain finance. This approach accelerates payments to companies and arms banks with best-practice tools to include even the smallest firms in their credit and transaction mechanisms. Our series of ten webinars— completed by 170 Egyptian bank managers— and technical assistance packages have made a real impact. For instance, the financial institutions Aman Holding now bridges the market gap by acting as an intermediary between large suppliers and small retailers. Through our training, 43 Egyptian SMEs are now better equipped to secure funding and improve their financial management. It is a significant step forward in advancing financial inclusion amidst Egypt's challenging economic climate. Read our article below to learn more about the project. We implemented the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH project “Private Sector Development and Innovation (PSI): Value Chain Financing in Egypt”, funded by the Federal Ministry for Economic Cooperation and Development (BMZ), from October 2022 to March 2024. #AFCFinDev #VCF #FinancialInclusion #SMEs Mareike Decker, Frank Müller, Nvard Gharakhanyan, Federico Bilder, Mostafa Saad, Ahmed Kuraem, MBA, GOPA Consulting Group, MetaMeta

MNT-Halan Expands into Turkey with Tam Finans Acquisition 🇪🇬🇹🇷! MNT-Halan, Egypt's largest non-bank financial institution and fintech company led by Endeavor Egypt Entrepreneur and Board Member Mounir Nakhla, has acquired Tam Finans, a leading commercial finance company in Turkey with a loan book exceeding $300 million. The acquisition, from Actera Group and the European Bank for Reconstruction and Development (EBRD), will allow MNT-Halan to leverage Tam Finans' credit models, distribution capabilities, and management team, while providing its own scalable technology and financial resources to drive growth in the Turkish market. 🚀 With a population of 85 million, a GDP over $1 trillion, and household debt-to-GDP ratio of just 11.7%, Turkey presents significant market opportunities for MNT-Halan's digital financial solutions. This transaction follows the company's recent expansion into Pakistan, demonstrating the scalability and diversification of its business model. The deal was supported by continued investment from MNT-Halan's existing shareholders, including the IFC, DPI, Lorax Capital Partners, Apis Partners, Lunate, and GB Corp, reflecting confidence in the Egypt-born fintech's ability to expand access to financial services across borders. Join us in celebrating this exciting milestone as MNT–Halan embarks on a new chapter of transformative growth, innovation, and positive impact in the microfinance sector! ✨ #Endeavor #EndeavorEgypt #AcquisitionNews #FinancialEmpowerment #Microfinance #FintechNews #Fintech

CASHPLUS recently secured $60M funding to broaden Morocco’s digital finance reach. 🔑'Founded in 2017, Cash Plus is a Lebanese money transfer and payment solutions provider.' 🔑 “With its impressive history of promoting #financialinclusion and offering essential financial services to #underserved communities in Morocco, CASH PLUS epitomizes #innovation and a visionary approach.” - Albert Alsina, the Founder and CEO of Mediterrania Capital Partners 🔑 'The funding aims to enable CASH PLUS to expand their branch network both nationally and internationally, and strengthen the company’s digital financial services, with a specific focus on enhancing their M-Wallet application.' 💸The funding was led by Mediterrania Capital Partners. Long standing funding partners also include IFC - International Finance Corporation and FMO - Dutch entrepreneurial development bank. 🗞️By Grace Ashiru Tech in Africa https://lnkd.in/et8MyvfY 👏 For the #FinancialInclusionChallengers reimagining inclusive financial services 🚀Nabil Amar I Adil Tahri I Alan Hazlett I Hatim Ben Ahmed I Albert Alsina I Team CASHPLUS … #fintech #financialservices #morroco #africa ##paytech #moneytransfer 

Pleased to announce ADVANCE.AI’s Credit Bureau Philippines (ADVANCE.CBP), has secured USD4 million seed funding from Archipelago Capital Partners, a leading Southeast Asia-focused private equity firm, to launch #creditbureau operations in the Philippines. Selected as a Special Accessing Entity (SAE) through an open tender process by the Credit Information Corporation (CIC), ADVANCE.CBP aims to serve fintechs, digital banks, and thrift banks in its mission of enhancing financial inclusion through high quality credit information and data in the #Philippines. “We see the launch of ADVANCE.CBP as a significant step in advancing the Philippine #financialservices ecosystem,” said Jovasky Pang, CEO of Archipelago Capital Partners. “This investment fits perfectly with our ethos of driving sustainable growth across Southeast Asia, creating value for local businesses and investors alike, and in fostering growth in sectors that will benefit from rising income levels and increased consumer demand in the region.” “The investment from Archipelago Capital Partners reinforces our shared vision of establishing a credit bureau that not only empowers lenders and borrowers but also strengthens and results in a more robust #creditreporting and #creditscoring infrastructure in the Philippines. This long-term investment will help strengthen and develop a more equitable and inclusive financial ecosystem for all Filipinos,” said Dennis Martin, CEO of ADVANCE.CBP. More here: https://lnkd.in/dWArgFee #seedfunding #creditscoring #creditinfrastructure #ADVANCECBP #ADVANCEAI

SHBFinance celebrates its 1 year joining Thailand's Fifth Largest Financial Group. Aiming to be in the top 5 largest consumer finance companies in Vietnam by 2028, a daily and trustworthy brand for financial solutions through customer-centricity & digital approach is the vision that SHBFinance was set after becoming a member of Thailand's 5th largest financial group, Krungsri. Let's look back at SHBFinance's accomplishments and remarkable results: ⭐ Established a leadership team comprised of experienced senior professionals ⭐ Launched credit cards and loans via digital channels, offered preferred lending policies to eligible customers, and improved disbursement speeds upto 5 minutes ⭐ The "Better Profile, Better Rates" approach improved client retention by 85% compared to the same period last year ⭐ Collaboration with major international credit institutions, including MUFG, KBank, and Deutsche Bank, lays the framework for solid funding for long-term business development ⭐ Implemented 3 new welfare policies, 10 internal events, and over 358 training courses to improve HR policies and promote work-life integration for employees ⭐ CSR Program "Easy Finance - Sustainable Future" officially launched from May 2024 to the end of 2026 "Within one year, with the strong collaboration of the SHBFC senior management team and the seasoned experts from Krungsri and SHB, SHBFinance has recorded outstanding achievements in both business results and ranking, becoming one of the first financial companies to be granted the highest security certification PCI DSS 4.0 Level 1 standard. SHBFC was awarded 4 categories in the Employer of Choice 2023 human resources award, became the champion of the DF Cyber Defense 2023. Despite the general market downturn, SHBFinance increased its credit growth rate by 32.3% and its market share by 1.5% in 2023 (according to Fingroup's ). These achievements prove SHBFC focus on the long-term goal of becoming the top 5 financial company in Vietnam. Although there are still many challenges, SHBFinance is acting firmly and decisively for the benefits of all our customer groups and Vietnamese economy and community general." shared Mrs. Olena Khlon CEO of SHBFinance. #SHBFinance #SHBFC #Krungsri #SHB ------------------------------------------------------ SHBFinance - Smart, Honest, Brave, Friendly, Cooperative Updating the newest career opportunities and #SHBFinancelife via 🌐 Website: https://lnkd.in/g_W3rZH3 🏠 Fanpage: https://lnkd.in/gXDc_rxy 🔖 LinkedIn: https://lnkd.in/gSYBHrsd

Small businesses are an engine of growth in #SriLanka, creating jobs and driving economic growth. Despite their significance, they often struggle to obtain the much-needed working capital for the businesses to survive and thrive. As a longstanding partner of IFC, we have worked alongside COMBANK Sri Lanka over the years to ramp up access to finance for businesses. Delighted to see how this latest partnership with CBC will help them strengthen their supply chain financing, enabling to serve more small businesses across the country. This will improve their linkages to formal supply chains and pave the way for a better future for Sri Lankan SMEs. http://wrld.bg/Smfy50R79Xk Sanath Manatunge, Imad N. Fakhoury, Allen Forlemu, Mehdi Cherkaoui, Meetu Singh

Ebury Opens New Zealand Office Bringing Essential Competition To Financial Services Sector  Read more:  https://lnkd.in/d6PP9T9F #Ebury #NewZealand #FinancialServices #FintechExpansion #GlobalBanking #MarketCompetition #BusinessFinance #DigitalPayments   #finance #fintech #FinancialIT

FinanceAsia Awards 2024: Southeast Asia winners’ write-ups | FinanceAsia