نورهان فؤاد
MNT-Halan Valuation Rises to $1.4 Billion
MNT-Halan, one of Egypt and the region’s leading fintech companies, has reached a valuation of $1.4 billion following the first close of a new funding round led by Al Ahly Capital, the investment arm of the National Bank of Egypt.
The transaction was completed after receiving all required regulatory approvals, with a second close expected as part of the ongoing investment round.
The investment reflects growing confidence in Egypt’s fintech sector, particularly as digital financial companies continue to offer more flexible solutions and expand access to financial services for individuals, small businesses, and micro-enterprises.
A Stronger Link Between Traditional Finance and Fintech
The deal marks an important step in the growing collaboration between traditional financial institutions and fintech companies. It brings together Al Ahly Capital’s direct investment expertise with MNT-Halan’s digital financial services model.
The round also strengthens MNT-Halan’s position as one of the most prominent fintech platforms in the region. In 2023, the company became the first Egyptian fintech to surpass a valuation of $1 billion, before reaching $1.4 billion with the new round.
MNT-Halan’s Expansion Plans in Egypt and the Region
MNT-Halan plans to direct most of the new investment toward expanding its operations in the Egyptian market, while also supporting its regional growth strategy.
The company currently operates in Egypt and Turkey, owns a bank specialized in serving micro and small enterprises in Pakistan, and continues to expand its presence across Gulf markets.
Founded by Mounir Nakhla, MNT-Halan offers an integrated ecosystem of digital financial services, including consumer finance, business lending, payments, e-wallets, savings, investment, and e-commerce.
Al Ahly Capital Backs Financial Inclusion and Digital Transformation
For Al Ahly Capital, the transaction comes as part of its direct investment strategy in companies that support financial inclusion and economic development.
The deal also aligns with Egypt’s broader digital transformation efforts and the push to expand access to financial services, especially for segments that need easier and more flexible financing and digital financial solutions.
The new investment confirms that Egypt’s fintech sector continues to attract strong investor interest, driven by rising demand for digital financial services and the growth of companies capable of combining technology, finance, and access to underserved customer segments.
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