{"id":547490,"date":"2022-06-23T04:37:46","date_gmt":"2022-06-23T04:37:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/23\/mnt-halan-acquires-talabeyah\/"},"modified":"2022-06-23T04:37:46","modified_gmt":"2022-06-23T04:37:46","slug":"mnt-halan-acquires-talabeyah","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/23\/mnt-halan-acquires-talabeyah\/","title":{"rendered":"MNT\u2013Halan acquires Talabeyah"},"content":{"rendered":"

<\/a> This <\/strong>super app just became more super: <\/strong>MNT\u2013Halan has acquired Cairo-based B2B e-commerce platform Talabeyah<\/a> for an undisclosed amount, according to a statement (pdf)<\/a>.<\/p>\n

About Talabeyah: <\/strong>Launched in January 2020 by Karim Nassef (LinkedIn<\/a>), Amr Abbas (LinkedIn<\/a>), and Khaled Hussein (LinkedIn<\/a>), the company provides next-day delivery to small merchants and retailers, and helps them manage stock and inventory.<\/p>\n

MNT-Halan: <\/strong>Last year Netherlands-based payments company MNT entered into a share swap agreement<\/a>with Egyptian fintech \/ delivery \/ ride-hailing company Halan to create MNT-Halan, a company that offers a host of services, including e-payments, microfinance, delivery and ride-hailing services. The newly-merged company followed with a USD 120 mn<\/a> funding round from a group of investors that included financial services-focused PE house Apis, the UK\u2019s Development Partners International (DPI) and Lorax Capital Partners.<\/p>\n

What they said: <\/strong>\u201cThe acquisition of Talabeyah is another step in our strategy of building a comprehensive digital ecosystem and is a perfect fit for our two companies \u2026 MNT-Halan will enable Talabeyah to scale nationwide,\u201d MNT-Halan CEO Mounir Nakhla said.<\/p>\n

Advisors: <\/strong>Matouk Bassiouny & Hennawy, White & Case, Van Campen Liem, and Van Doorne were legal advisors on the transaction.<\/p>\n

IN OTHER STARTUP NEWS- <\/strong><\/p>\n

Egyptian e-commerce startup Dresscode has launched in Saudi Arabia<\/strong>, founder Mohamed Abdeldayem told Enterprise. The company raised a USD 250k investment<\/a> from existing investor Egypt Ventures last year, following its seed round in August 2020<\/a>. It is also looking to enter Kenya in 4Q 2022, Abdeldayem said.<\/p>\n","protected":false},"excerpt":{"rendered":"

This super app just became more super: MNT\u2013Halan has acquired Cairo-based B2B e-commerce platform Talabeyah for an undisclosed amount, according to a statement (pdf). About Talabeyah: Launched in January 2020 by Karim Nassef (LinkedIn), Amr Abbas (LinkedIn), and Khaled Hussein (LinkedIn), the company provides next-day delivery to small merchants and retailers, and helps them manage […]<\/p>\n","protected":false},"author":1,"featured_media":547491,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[2084,72,310,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-dresscode","tag-enterpriseam","tag-mnt-halan","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"deb3012e-5206-4449-adde-e78c5b5dc6a6","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/6\/286.jpg","photo_position":"above","related_issue":[547480],"teaser":"","voice_url":""},"yoast_head":"\nMNT\u2013Halan acquires Talabeyah - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/23\/mnt-halan-acquires-talabeyah\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MNT\u2013Halan acquires Talabeyah\" \/>\n<meta property=\"og:description\" content=\"This super app just became more super: MNT\u2013Halan has acquired Cairo-based B2B e-commerce platform Talabeyah for an undisclosed amount, according to a statement (pdf). 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