MNT-Halan, Egypt’s main fintech participant, introduced the acquisition of Talabeyah — a B2B e-commerce platform that gives next-day supply of FMCG provides on to small retailers, retailers, and shortly shoppers.
In keeping with a press assertion, MNT-Halan’s acquisition will disrupt the present multi-layered and fragmented FMCG provide chain mannequin and empower small retailers.
MNT-Halan CEO Mounir Nakhla mentioned: “the acquisition of Talabeyah is one other step in our technique of constructing a complete digital ecosystem and is an ideal match for our two corporations. Talabeyah has developed an elaborate on-line catalogue, signed contracts with the most important FMCG suppliers, and demonstrated stable execution of its operations.”
“MNT-Halan will allow Talabeyah to scale nationwide by offering entry to tons of of 1000’s of retailers and retailers, financing their prospects’ purchases, and backing the agency with our 120 tech engineers. I’m excited to associate with Karim and his proficient staff at Talabeyah. Collectively, we are going to proceed to increase our product providing to Egyptian retailers and additional develop our mortgage e-book and margins.”
For his half, CEO of Talabeyah Karim Nassef mentioned: “We’re completely satisfied to have lastly reached the closing and are very a lot trying ahead to rising our enterprise nationwide. Teaming with MNT-Halan gives us with intensive expertise and technological and monetary energy that may permit us to quickly scale our operations. We’re completely satisfied to be a part of MNT-Halan’s imaginative and prescient and are excited to develop cross borders with them.”
MNT-Halan’s digital ecosystem consists of small enterprise and client lending, funds and e-commerce. Including a digital FMCG providing to MNT-Halan’s service provider community significantly enhances the corporate’s breadth and scope and will increase stickiness to its ecosystem.
The phrases of the transaction weren’t disclosed.
Talabeyah was based in 2020 by Karim Nassef, Amr Abbas, and Khaled Hussein to disrupt and digitise the casual FMCG market in Egypt by leveraging know-how, an revolutionary provide chain mannequin, and the founders’ intensive expertise within the FMCG sector.
It gives small retailers quick entry to an intensive vary of merchandise, clear visibility on pricing and a extremely dependable high quality of service.
VanCampen Liem, Maatouk, Bassiouny & Hennawy, White & Case, and Van Doorne served as authorized advisers all through the transaction.