MNT-Halan is an Egyptian fintech company recognized as the first fintech unicorn in the Middle East and North Africa region. Founded in 2018 by Mounir Nakhla and Ahmed Mohsen, the company is headquartered in Cairo, Egypt. It aims to serve the unbanked and underbanked populations through a wide range of digital financial services, including micro and SME loans, consumer finance, payments, and e-commerce solutions. MNT-Halan has successfully raised significant capital, with recent funding rounds boosting its valuation to over $1 billion. The company continues to expand its operations across various emerging markets.
March 2026: MNT-Halan announced its intention to issue up to EGP 30 billion in securitization bonds by the end of the year. This includes expansion into real estate investment with the second issuance of the Halan AZ Real Estate Fund, targeting a capital of at least EGP 250 million.
March 2026: MNT-Halan secured $41.3 million through a securitisation deal, part of its consumer lending arm's efforts to expand loan origination capabilities without diluting shareholder equity. This transaction is the fifth issuance under a larger program targeting EGP 11.5 billion.
2025: Within a year, MNT-Halan attracted $400 million in funding. This includes over $200 million from Chimera Abu Dhabi, marking the largest investment in Egypt's fintech sector. The company is in advanced talks to raise an additional $60 million from international investors.
December 2025: MNT-Halan set an ambitious target to expand its financing portfolio to between $4.5 billion and $5 billion by the end of 2026. This growth involves focusing on consumer financing and leveraging technological solutions amid the Egyptian market's monetary easing.
December 2025: The fintech acquired Tam Finans in Turkey, including a $300 million loan book, marking its first major foray into international markets with substantial market opportunities identified in Turkey.
| Attribute | Information |
|---|---|
| Founding Date | 2018 |
| Headquarters | Cairo, Egypt |
| Founders | Mounir Nakhla and Ahmed Mohsen |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Chimera Abu Dhabi, Development Partners International, Apis Partners |
| Industry | Fintech |
| Number of Employees | Not publicly disclosed |
MNT-Halan was founded in 2018, building on the founders' prior experience in fintech and microfinance sectors. Initially, the company served as a ride-hailing application but quickly evolved into a full-scale fintech provider. By leveraging proprietary technology such as the Neuron banking system, MNT-Halan aimed to disrupt traditional cash-based economies in Egypt, providing digital financial services tailored for the unbanked and underserved markets. Early funding rounds saw significant investments from both local and international investors, setting the stage for its rapid scaling across the region.
MNT-Halan has positioned itself at the forefront of the fintech industry in MENA through its comprehensive digital ecosystem. Its platform offers a range of services:
Today, MNT-Halan is Egypt's largest non-bank lender, continuing to expand its services in both local and international markets like Turkey and Pakistan. It utilizes advanced technology and AI to optimize service delivery, focusing on consumer loans and digital wallets. The company's significant market share in digital financial services underscores its competitive edge. Future plans include enhancing consumer financing solutions and exploring innovations in tech-driven financial services to meet rising credit demands.
MNT-Halan’s journey from a local startup to a fintech powerhouse exemplifies the innovation potential in emerging markets. With its robust funding and strategic expansions, the company is not only a leader in Egypt's digital finance sector but also a key player in broader regional markets. Looking ahead, MNT-Halan is well-prepared to leverage the evolving fintech landscape to facilitate financial inclusion, demonstrating how technology can transform traditional economic models. Its ambitious growth targets for 2026 illustrate its commitment to driving financial innovation and establishing a lasting impact in the Middle East and beyond.
