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Egyptian Fintech MNT-Halan Attracts Circa US$120 Million From Global Investors
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Egypt s super app MNT-Halan raises $120 million
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Egypt s super app MNT-Halan raises $120 million
wamda.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wamda.com Daily Mail and Mail on Sunday newspapers.
Egypt s super app MNT-Halan raises $120 million
wamda.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wamda.com Daily Mail and Mail on Sunday newspapers.
Update on DPO acquisition Network International Holdings plc ( Network ), the leading enabler of digital commerce across the Middle East and Africa, provides an update on the proposed acquisition of DPO Group ( DPO ) ( the Transaction ). · Transaction terms have been strengthened: o Co-founders of DPO will now receive approximately 50% of their consideration in Network shares, with a 12/18 month lockup period · Total transaction consideration and overall mix of cash and shares unchanged DPO is a highly attractive e-commerce payments business with a leading pan-African presence. DPO traded strongly through 2020 with over 30% y/y growth in Total Processed Volume (in constant currency). This strong trading has continued into 2021. We expect completion of the acquisition during the second quarter of 2021, subject to the receipt of outstanding regulatory approvals.