We are excited to share that Apis Partners' portfolio companies continue to create transformative impact globally, with the news that MNT-Halan, Egypt’s fastest growing fintech leader, has acquired Turkish fintech Tam Finans. Investment from funds managed by Apis Partners LLP was instrumental in facilitating this acquisition, and Apis is proud to continue to support MNT-Halan as it revolutionises access to financial services through technology. #Fintech #ImpactInvesting #PrivateEquity #FinancialServices
MNT-Halan has completed the successful acquisition of Tam Finans, one of Turkey’s leading finance companies, from Actera Group and the European Bank for Reconstruction and Development (EBRD). Together, the two are projected to have a loan book surpassing US $1 billion by the end of this year. 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.” Expanding MNT-Halan's total addressable market to around 200 million people, this acquisition is a major accomplishment and marks our first major move outside of Egypt. We look forward to working with the Tams Finans team to achieve our shared vision of expanding financial inclusion in the region. Read the full press release here: https://lnkd.in/eyRBbz4K #GlobalExpansion #StrategicGrowth #Fintech #Turkey #Egypt