Mounir Nakhla

MNT-Halan, established in 2018, is an Egyptian fintech company that provides a comprehensive digital ecosystem tailored to serve unbanked and underbanked individuals and businesses. Its services encompass small and micro-business lending, consumer finance, payments, and e-commerce solutions, all accessible through proprietary digital channels and a physical network.

The company has experienced significant growth, disbursing over $4.5 billion in loans and serving more than seven million customers in Egypt, including five million financial clients and three million borrowers. MNT-Halan’s platform integrates various financial services, such as buy now, pay later (BNPL) options, mobile wallets, and cards, aiming to digitize cash transactions and enhance financial inclusion.

In terms of funding, MNT-Halan achieved unicorn status in early 2023 after securing $400 million in investments, which valued the company at approximately $1 billion. Subsequently, in July 2024, the company raised an additional $157.5 million from international investors, including $40 million from the International Finance Corporation (IFC), to support its regional expansion plans.

MNT-Halan has also pursued strategic acquisitions to broaden its services and geographic reach. In July 2024, it acquired Tam Finans, Turkey’s largest non-bank micro-leasing company with a loan book exceeding $300 million, to enhance its consumer credit and factoring services. Earlier, the company expanded into Pakistan by acquiring a microfinance bank, demonstrating the scalability and diversification of its business model.

By leveraging technology and innovative financial solutions, MNT-Halan continues to advance financial inclusion and economic empowerment across Egypt and the broader region.