Fintech
MNT-Halan Expands in Türkiye with 100% Acquisition of Market-Leading Financial Firm Tam Finans
MNT-HalanEgypt’s largest non-banking financial institution and fintech, has acquired Tam Financeone of the leading commercial finance companies in Turkey with a loan portfolio exceeding USD 300 million, from Actera Group, the country’s leading private lender
joint-stock company and the European Bank for Reconstruction and Development (EBRD). Terms of the transaction were not disclosed.
The market opportunity in Turkey is significant, with a population of 85 million, a GDP exceeding USD 1 trillion and a household debt-to-GDP ratio of only 11.7%. With ample growth opportunities for the banking sector, MNT-Halan’s digital financial solutions
promise to have a transformative impact on both businesses and individuals.
Commenting on the transaction, MNT-Halan 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. By combining Tam Finans’ credit models,
distribution capabilities and management team with MNT-Halan’s technology, customer-facing app and financial strength will help complete the product offering and give greater confidence to all its stakeholders. The histories and cultures of Turkey and Egypt have
have been intertwined for hundreds of years, and their current economic prospects point to a bright future that we are ready to exploit.”
Hakan Karamanlı, CEO of Tam Finans, said: “We are delighted to join the MNT-Halan family. Their core belief that financial access empowers people to achieve their dreams mirrors the same ethos we built our company on. MNT-Halan’s scalable technology now
enable us to grow faster and bring our mission to more businesses and people, while capturing cross-selling opportunities through an expanded product and service offering.”
This acquisition comes hot on the heels of MNT-Halan’s expansion into Pakistan, demonstrating the company’s scalability and diversification of its business model. The Company recently raised $157.5 million by the IFC (International Finance Corporation) as
as well as existing shareholders, including DPI (Development Partners International), Lorax Capital Partners, funds managed by Apis Partners LLP, Lunate and GB Corp. Their continued investment reflects confidence in the Egyptian-born company’s ability to grow
and expand access to financial services across borders.
Maatouk Bassiouny & Hennawy, Esin Attorney Partnership and Van Campen Liem served as legal advisors to the buyers on the transaction, with Clifford Chance serving as legal advisor to the sellers. PWC served as financial and commercial advisor to the buyers. BCG
acted as financial and commercial advisors to the sellers.