MNT-Halan Set to Revolutionize Egyptian Fintech Scene with Bold Expansion Plans
In a thrilling development for the Egyptian fintech landscape, MNT-Halan is gearing up for an ambitious expansion of its lending operations. The company, founded in 2017 by fintech innovators Mounir Nakhla and Ahmed Mohsen, is aiming for a financing portfolio that could soar to between .5 billion and billion by the end of 2026, marking an impressive 40% growth from an anticipated .5 billion portfolio by the close of 2025. This growth trajectory highlights not only MNT-Halan’s influence in the Egyptian market but also reflects the rising demand for credit as the economy enters a period of monetary easing.
MNT-Halan, which combines technology with financial services, provides a diverse range of products including business and consumer loans, prepaid cards, e-wallets, and even e-commerce solutions through its innovative Halan app. With a strong physical distribution network across the country, the company is positioned to cater to a growing customer base eager to access financial resources and digital payment solutions.
As part of its strategic efforts, MNT-Halan is considering a potential initial public offering (IPO) on a regional stock exchange in the next 12 to 18 months. The company has set its sights high, aiming for ‘decacorn’ status—an impressive valuation exceeding billion—within the next five to seven years. To fuel this ambitious growth, MNT-Halan is planning to issue between LE 40 billion and LE 50 billion in debt instruments next year, using a sleek mix of sukuk, securitized bonds, and green bonds. The company has already made strides in 2025 with over LE 15 billion in issuances, showcasing its increasing robustness in the financial sector.
But MNT-Halan’s aspirations don’t stop at lending. The fintech powerhouse is also entering the real estate sector, launching a fund currently engaged in talks with several prominent Egyptian developers for the acquisition of commercial properties. The initial capitalization for this fund stands at LE 250 million, but the target is an impressive LE 2 billion as it scales.
As MNT-Halan continues to drive innovation in finance and broaden its horizons, it reflects a broader trend of dynamic growth in Egypt’s fintech industry — a sector ripe for development and full of potential for the future.
Stay tuned for more updates on this emerging powerhouse in the financial realm!
#Egypt #Fintech #BusinessNews #WorldNews
