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MNT-Halan, Egypt’s first fintech unicorn, founded by entrepreneur Mounir Nakhla, plans to grow its financing portfolio by about 40 percent next year, as it targets between $4.5 billion and $5 billion by the end of 2026, up from $3.5 billion projected for 2025.
The expansion focuses on tech-driven consumer and business lending, reflecting rising credit demand as Egypt enters a monetary easing cycle.
Scaling financial access
Since its pivot from ride-hailing to a full-scale fintech, the Egyptian fintech company provides a mix of consumer and SME loans, e-wallets, prepaid cards, savings, investments, and e-commerce financing through its Halan app and physical outlets nationwide.
Following the EGP15 billion ($315.32 million) issued in 2025, the upcoming portfolio growth is supported by new debt instruments, including sukuk, green bonds, and securitized bonds worth EGP 40–50 billion ($840.9 million to $1.1 billion).
Nakhla, the CEO of MNT-Halan stressed that the recently launched real estate fund, which started with an initial capital of EGP 250 million ($5.26 million) for the first issuance, is now targeting EGP 2 billion ($42.06 million) in total, securing commercial properties across Egypt for future financing.
Driving regional and long-term ambitions
Nakhla also envisions listing MNT‑Halan on a regional stock exchange within 12–18 months and reaching decacorn status (valuation above $10 billion) in five to seven years.
The growth strategy leverages MNT‑Halan’s proprietary AI and core banking systems for data-driven credit, improving financial inclusion for previously underserved populations.
Expanding across emerging markets
MNT-Halan founded in 2018, has evolved into a leading MENA fintech powerhouse with more than 7 million customers, becoming the first fintech unicorn at the start of 2023, after securing a $400 million investment, which pushed its valuation beyond $1 billion.
Since then, MNT-Halan has expanded into Pakistan and Turkey. In December 2024, it also made its debut in the United Arab Emirates.
As a major force in the market, it also acquired Turkish lender Tam Finans, adding a $300 million loan portfolio. MNT-Halan, under Nakhla’s leadership, has become a leader in regional digital finance by fusing technology, market knowledge, and creative capital deployment.
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