Egyptian fintech MNT-Halan has reached a $1.4 billion valuation following the first closing of a new investment round led by Al Ahly Capital, the investment arm of the National Bank of Egypt. A second closing is expected as part of the ongoing round.
The company plans to allocate most of the proceeds toward expanding its operations in Egypt while accelerating regional growth. MNT-Halan currently operates in Egypt and Türkiye, owns a specialised bank serving micro and small businesses in Pakistan, and entered the UAE market in 2024.
Founded by Mounir Nakhla, MNT-Halan provides digital financial services including consumer and business lending, payments, e-wallets, savings, investments, and e-commerce solutions. The company became Egypt’s first fintech unicorn in 2023 and has since expanded its regional footprint through both organic growth and acquisitions.
Press release:
MNT-Halan, Egypt's leading fintech ecosystem, has reached a valuation of $1.4 billion following the first closing of a new investment round led by Al Ahly Capital, the investment arm of the National Bank of Egypt.
