Egyptian fintech giant MNT-Halan has announced ambitious plans to grow its financing portfolio by approximately 40%, targeting a range of USD 4.5 to 5 billion by the end of 202
. This aggressive expansion builds on an expected portfolio size of USD 3.5 billion by the close of the current year.
In a recent interview with Asharq, Founder and CEO Mounir Nakhla detailed that this growth will be concentrated in consumer financing and lending. The company plans to leverage its tech-driven financing solutions to meet an anticipated surge in credit demand as the Egyptian market is expected to enter a monetary easing cycle.
Ambitious Growth and IPO Aspirations
Alongside its portfolio growth, MNT-Halan is setting its sights on the public markets. The CEO confirmed that the company is exploring a listing on a regional stock exchange within the next 12 to 18 months.
The long-term vision for the fintech is even more ambitious, with Nakhla stating a goal to achieve ‘decacorn’ status—a valuation exceeding USD 10 billion—within the next five to seven years.
Fueling Expansion with Debt Instruments
To finance its rapid expansion, MNT-Halan is preparing a significant issuance of debt instruments valued between EGP 40 to 50 billion for the upcoming year. This will include a mix of sukuk, securitized bonds, and green bonds.
This move follows over EGP 15 billion in issuances in the current year. The plans for next year notably include financing sukuk worth EGP 9 billion scheduled for the beginning of the year, representing more than a twofold increase year-on-year.
Diversifying with Real Estate
Expanding its investment footprint, MNT-Halan recently launched a real estate fund. According to Nakhla, the fund is currently in negotiations with several major real estate developers in Egypt to acquire commercial buildings for its portfolio.
The fund’s first issuance has an initial capital of EGP 250 million, with a target to reach a total fund value of EGP 2 billion.
About MNT-Halan
Founded in 2017 by Mounir Nakhla and Ahmed Mohsen, MNT-Halan is a leading Egyptian fintech company dedicated to transforming access to financial services through technology. The company offers a comprehensive suite of services including business and consumer loans, prepaid cards, e-wallets, investments, savings, and e-commerce, all accessible through its Halan super app and a nationwide physical presence.
Source: Waya
