MNT-Halan hits USD 1.4 bn valuation following Al Ahly Capital-led funding round

Local fintech unicorn MNT-Halan reached a USD 1.4 bn valuation after securing the first close of a strategic investm ent round led by Al Ahly Capital Holding company stateme nt (pdf )

Where the money is going:

Why it matters: CBE tightened oversight over how banks fund NBFIs

DATA POINT- consumer finance volumes USD 157.7 mn

MNT-Halan says it has provided more than USD 15.5 bn in financing since launch Advans Pakistan Microfinance Bank Tam Finans Halan Advance