MNT-Halan Nets $157.5 Million for Regional Expansion
The investment round saw contributions from the International Finance Corporation (IFC) with $40 million, alongside Development Partners International (DPI), Lorax Capital Partners, and funds managed by Apis Partners LLP, Lunate, and GB Corp.
Fintech startup MNT-Halan, Egypt’s first unicorn, has raised $157.5 million from international investors to expand beyond Egypt. The investment round saw contributions from the International Finance Corporation (IFC) with $40 million, alongside Development Partners International (DPI), Lorax Capital Partners, and funds managed by Apis Partners LLP, Lunate, and GB Corp.
Currently serving over 7 million customers, MNT-Halan offers a comprehensive suite of services including business and consumer loans, pre-paid cards, e-wallets, e-commerce, gold, and money market fund investments. Since its inception in 2018 by Mounir Nakhla, the company has disbursed over $4.4 billion in loans.
MNT-Halan’s diverse portfolio includes lending, buy now pay later, e-commerce, payments, and mobility, as well as on-demand logistics.
In April, MNT-Halan acquired Advans Microfinance Bank Limited in Pakistan.
In November 2023, the company raised a $130 million securitization, part of five tranches of securitized bond issuances last year, underscoring its robust financial strategy and market presence.
