Egyptian fintech giant MNT-Halan has announced the successful closure of its seventh securitized bond issuance, raising EGP 3.4 billion (approximately $71.4 million). This latest capital injection continues the company’s strategic use of the debt market to finance the rapid expansion of its extensive lending operations.
A Consistent Debt Financing Strategy
This issuance is a key part of a larger three-year, EGP 8 billion ($168 million) securitization program approved by Egypt’s Financial Regulatory Authority (FRA). The move underscores MNT-Halan’s calculated approach to leveraging debt instruments for sustainable growth. The transaction was managed by the Commercial International Bank (CIB) and CI Capital, highlighting strong institutional confidence in the fintech’s business model. This raise closely follows a similar successful issuance of $49 million in corporate bonds last May.
Fueling Financial Inclusion
The fresh capital will be instrumental in scaling MNT-Halan’s core mission: integrating Egypt’s unbanked and underbanked populations into the formal digital economy. By expanding its capacity for fast and accessible credit, the company empowers individuals and small businesses, offering a suite of financial tools that serve as crucial digital alternatives to cash-based transactions.
About MNT-Halan
Founded in 2018, MNT-Halan is dedicated to bringing seamless financial services to underserved communities. Its comprehensive digital ecosystem includes lending for micro and small enterprises, digital payments, consumer finance, and e-commerce, creating a one-stop-shop for its customers’ financial and business needs.
Source: Jawlah
