Egyptian fintech giant and the nation’s first unicorn, MNT-Halan, has launched the country’s first fully digital secured lending solution offered by a non-banking financial institution. The innovative service, available through the Halan App, allows customers to instantly access credit by using their existing investments as collateral, marking a significant milestone for Egypt’s financial sector.
Unlocking Liquidity Without Cashing Out
The new service directly addresses a common dilemma for investors by providing liquidity without forcing them to liquidate their assets. Customers can now access an instant credit limit of up to 80% of their investments in various funds offered on the platform, with a maximum limit of EGP 500,000. This credit is provided on the Halan Card at interest rates significantly lower than traditional facilities, all while the customer’s underlying investments continue to earn returns.
A Seamless End-to-End Digital Experience
Staying true to its tech-first approach, MNT-Halan has made the entire process fully digital. From eKYC and onboarding to activating the credit limit, users can complete the journey seamlessly on the Halan App. Once approved, customers can also benefit from zero interest and no fees on their Halan Card transactions for up to 45 days. This removes traditional barriers to accessing credit, providing a simple solution for when “life demands it,” as stated by Founder and CEO Mounir Nakhla.
Building On A Regulated Financial Ecosystem
This secured lending feature is an extension of MNT-Halan’s broader, fully regulated investment platform. Through the Halan App, customers can invest in a range of financial products, including gold funds, equity opportunity funds, and Sharia-compliant options, all of which are regulated by the Egyptian Financial Regulatory Authority (FRA). The new product reinforces the company’s commitment to building a secure, transparent, and integrated financial ecosystem that provides lending, payments, savings, and investments through a single platform.
About MNT-Halan
MNT-Halan is Egypt’s first unicorn and the leading fintech platform in the region. Founded in 2018, the company is on a mission to revolutionize access to financial services through technology. MNT-Halan provides a comprehensive suite of services including business and consumer loans, pre-paid cards, e-wallets, savings, and e-commerce through its digital app and a nationwide physical presence. The company holds micro, consumer, and nano finance licenses from the FRA and the first independent e-wallet license from the Central Bank of Egypt.
Source: Zawya
