Egypt’s MNT-Halan secures new investment
Egyptian fintech company MNT-Halan has reached a valuation of $1.4 billion.
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Egyptian fintech company MNT-Halan 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.
The transaction was completed following the receipt of all required regulatory approvals, with a second closing expected as part of the ongoing funding round.
MNT-Halan plans to allocate the majority of the proceeds toward expanding its operations in Egypt while supporting its broader regional growth strategy. The company currently operates in Egypt and Türkiye, owns a specialised bank serving micro and small enterprises in Pakistan, and has been expanding its presence across Gulf markets.
Founded by Mounir Nakhla, MNT-Halan offers a digital financial ecosystem that includes business and consumer lending, payments, e-wallets, savings, investments, and e-commerce services. The company became Egypt’s first fintech unicorn in 2023 and has continued to expand through a combination of organic growth, strategic acquisitions, and new market entries.
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