The transaction was finalized after securing the necessary regulatory approvals, with a second closing expected as the fundraising process continues.

The latest investment further strengthens MNT-Halan’s position among the largest fintech companies in the Middle East and Africa and underscores growing investor confidence in Egypt’s digital financial services sector.

The funding also reflects increasing cooperation between established financial institutions and technology-driven financial services providers as Egypt accelerates its digital transformation agenda.

According to the company, a significant portion of the new capital will be directed toward expanding its operations in Egypt while supporting its wider regional growth plans.

Founded by entrepreneur Mounir Nakhla, MNT-Halan has grown into one of Africa’s leading fintech platforms by offering a broad range of digital financial services.

Its ecosystem includes consumer and business lending, digital payments, e-wallets, savings products, investment services, and e-commerce solutions designed to serve both individuals and small businesses.

The company has steadily expanded beyond its home market in recent years.

In addition to its operations in Egypt, MNT-Halan has established a presence in Türkiye, acquired a specialized bank focused on micro and small enterprises in Pakistan, and entered the United Arab Emirates market in 2024 as part of its broader regional expansion strategy.

MNT-Halan became Egypt’s first fintech unicorn in 2023 after securing a major financing package that pushed its valuation above the $1 billion mark. Since then, the company has pursued growth through a combination of acquisitions, new market entries, and organic expansion.

Previous funding rounds have attracted support from international investors including the International Finance Corporation (IFC), Development Partners International (DPI), Apis Partners, Lunate, and other regional investment firms.

For Al Ahly Capital, the investment aligns with its focus on backing businesses that promote financial inclusion and contribute to economic development.

The deal comes at a time when fintech adoption is rising rapidly across Egypt and the wider region, driven by growing demand for digital financial products among consumers and small businesses.