MNT-Halan Secures Funding at $1.4 Billion Valuation

Egyptian fintech unicorn MNT-Halan has announced a new equity funding round that values the company at US$1.4 billion, marking a significant milestone in its mission to digitally bank the unbanked population across emerging markets.

Founded in 2018, MNT-Halan provides a comprehensive digital financial ecosystem including small business lending, payments solutions, consumer finance options, and e-commerce services. The company has already disbursed over US$15.5 billion in loans to more than 8 million customers globally, demonstrating its rapid growth trajectory.

The latest funding round was led by Al Ahly Capital, the investment arm of Egypt’s National Bank of Egypt (NBE). Proceeds from this transaction will primarily support MNT-Halan’s expansion plans both within Egypt and across new regional markets. The company has already established a presence in Turkey, Pakistan, and the UAE, with further geographic diversification on its roadmap.

“We are thrilled to welcome Al Ahly Capital as an equity partner,” said Mounir Nakhla, founder and chairman of MNT-Halan. “This investment validates our approach to financial inclusion and will enable us to reach millions more underserved individuals and businesses.” He highlighted the company’s impact in providing access to digital finance for those who previously lacked it.

Karim Saada, CEO of Al Ahly Capital, echoed this sentiment: “MNT-Halan has proven its ability to build a diversified fintech platform that addresses critical gaps in financial inclusion. We believe this investment will generate both strong returns and positive social impact across the region.” He added that non-bank financial services are essential for supporting underserved segments of economies.

MNT-Halan’s ecosystem includes a popular mobile app with over 10 million downloads, serving more than 2.3 million active users quarterly. The company has consistently raised significant funding rounds, including a recent EGP3.4 billion (US$71.4 million) securitized bond issuance.