# Halan

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/halan

- Industry: Transportation Services
- Headquarters: Cairo, Egypt
- Website: www.halanapp.com
- Total disclosed funding: $19M
- Latest round: Series B (Jan 1, 2020)
- Investors on record: 3

## About

Halan Inc. is a Cairo-based company offering innovative financial and mobility solutions through its mobile application, enhancing transportation and commerce in emerging markets.Founded in 2017 in Cairo, Egypt, Halan Inc. provides a mobile platform that connects users with transportation and financial services. The company was co-founded by Ahmed Mohsen and Mounir Nakhla, who also serves as the CEO. Halan has successfully raised USD 15.00 mn in a SERIES B funding round led by Middle East Venture Partners, marking its total funding at USD 15.00 mn across 6 deals.Halan offers a suite of innovative financial and mobility solutions aimed primarily at enhancing the accessibility and efficiency of transportation and commerce in emerging markets. Their flagship product is a comprehensive mobile application that facilitates ride-hailing, logistics, and various financial services, serving as a bridge between users and service providers. This application was designed to address various use cases, including enabling users to book rides and manage deliveries seamlessly while also providing financial tools such as digital wallets and microloans. Halan primarily targets customers in urban areas across the Middle East and North Africa (MENA), catering to both individual consumers and small businesses looking for efficient transportation and financial solutions. The end-users include everyday commuters, delivery personnel, and small business owners who rely on the platform to streamline their operations and enhance their mobility options.Halan generates revenue through a structured transaction model that encompasses B2C and B2B interactions, leveraging its mobile platform to facilitate a variety of services. Clients typically engage with the app by paying for ride-hailing services or logistics support, while businesses may enter into partnerships that allow them to integrate Halan's offerings into their operational frameworks. The revenue structure includes commissions on transactions, subscription fees for premium features, and potential revenue sharing agreements with partnered service providers. Pricing plans are tailored based on user needs, with various tiers of service designed to accommodate both individual and business clients. Additionally, the company's financial services, such as microloans and digital payment solutions, contribute to its revenue streams by providing essential services to underserved populations in the regions it serves.Halan plans to introduce new products and services to enhance its mobile application further, although specific release dates have not been disclosed. The company is also looking to expand its operations into new geographic regions, targeting markets within the MENA area by 2025. The recent funding of USD 15.00 mn from Middle East Venture Partners will be utilized to support these growth initiatives, including product development and market expansion efforts.

## Funding rounds

- Series B, Jan 1, 2020 — Middle East Venture Partners
- Series B, Jun 1, 2019, $15M — Middle East Venture Partners
- Series A, Sep 6, 2018, $4.4M — Algebra Ventures, Battery Road Digital Holdings

## Investors

- Algebra Ventures (https://capitalatlas.ai/funds/algebra-ventures) — Series A
- Battery Road Digital Holdings — Series A
- Middle East Venture Partners (https://capitalatlas.ai/funds/middle-east-venture-partners) — Series B