Egyptian fintech unicorn MNT-Halan has announced a major strategic move to diversify its funding sources, planning a financing program through debt instruments valued at up to EGP 30 billion (approximately $578 million) by the end of the year. The initiative, which includes securitization issuances and bonds, is designed to support the significant expansion of its non-banking financial services across Egypt.
Mounir Nakhla, Founder and CEO of MNT-Halan, commented on the company’s resilience and continued growth despite challenging geopolitical conditions. He emphasized that the group’s companies are delivering strong operational and financial performance across its key markets in Egypt, Turkey, Pakistan, and the United Arab Emirates.
“Each entity within the group is currently in its strongest position since inception, despite regional challenges affecting some of the markets where it operates,” Nakhla stated.
Expansion into Real Estate and Mortgage Finance
As part of its strategy to broaden its investment offerings, MNT-Halan is preparing to launch the second issuance of the Halan AZ Real Estate Fund in the second quarter of this year, with a target capital of at least EGP 250 million. This follows a successful first issuance of the same value. The fund allows individuals to invest in administrative real estate assets, democratizing access to the property market through regulated investment tools.
Further strengthening its financial ecosystem, the company is also in the process of obtaining a mortgage finance license this month. This new license will enable MNT-Halan to offer integrated financing solutions for customers purchasing real estate, creating a seamless experience within its single application.
Sustained Growth in Core Digital Services
The company’s expansion plans are built on a foundation of impressive user growth and engagement in its core digital financial services. According to Nakhla, the number of activated MNT-Halan cards has surpassed 1.2 million, with between 70,000 and 120,000 new cards being issued monthly. He noted that this volume nearly matches the total number of financial cards issued by the entire Egyptian banking sector.
The platform’s integrated financial app, which offers services from financing and card services to bill payments and investment funds, has also seen remarkable traction. The number of customers investing in funds through the application has exceeded 100,000 users, with the platform adding between 10,000 and 15,000 new investors each month. Nakhla also highlighted the company’s plans to expand its use of artificial intelligence to further enhance operational management and service efficiency.
About MNT-Halan
MNT-Halan is Egypt’s leading fintech ecosystem and one of the fastest-growing fintech companies in the MENA region. As the country’s first private non-bank company licensed by the Central Bank of Egypt to operate a digital wallet, it provides a comprehensive suite of digital financial services. Its offerings include consumer and business lending, payments, buy now pay later, e-commerce, and logistics, serving a large base of unbanked and underbanked customers.
Source: Zawya
