Thursday 23 June 2022

Egyptian fintech MNT-Halan has acquired Egypt-based B2B e-commerce and distribution platform Talabeyah to expand access to merchants in Egypt, the company said.

The terms of the transaction were not disclosed.

As a result of this transaction, MNT-Halan will be disrupting the current multi-layered and fragmented FMCG supply chain model and empowering small merchants.

MNT-Halan's digital ecosystem includes small business and consumer lending, payments, and e-commerce. Adding a digital FMCG offering to MNT-Halan's merchant network greatly enhances the company's breadth and scope and increases stickiness to its ecosystem.

Talabeyah's digital platform provides small retailers immediate access to an extensive range of products, clear visibility on pricing, and a highly reliable quality of service to help them optimally manage their businesses.

VanCampen Liem, Maatouk, Bassiouny and Hennawy, White and Case, and Van Doorne were legal advisors on the transaction.

MNT-Halan, a fintech ecosystem, is a lender to the unbanked and underbanked. The MNT-Halan digital ecosystem includes small and micro business lending, payments, consumer finance, and e-commerce.