New Investments
MNT-Halan Raises $157.5 Million Months After Becoming Egypt's First Unicorn
Egyptian fintech company MNT-Halan has successfully raised $157.5 million in new funding to accelerate its expansion beyond its home market.
The investment, which includes a $40 million contribution from the International Finance Corporation (IFC), will bolster the company’s efforts to digitize financial services across new regions.
Founded in 2018, MNT-Halan has rapidly grown to serve over seven million customers in Egypt, disbursing more than $4.4 billion in loans.
The company’s digital ecosystem encompasses a wide range of financial services, including small and micro business lending, consumer finance, prepaid cards, e-wallets, savings, payments, and e-commerce.
The fresh capital injection follows previous funding rounds totaling $520 million, positioning MNT-Halan as a financial powerhouse in the region.
With this latest investment, the company aims to leverage its technological expertise and partnerships to replicate its success in new markets.
“Egypt remains our core market, but we are excited to extend our mission of financial inclusion to other countries,” said MNT-Halan founder and CEO Mounir Nakhla.
“This funding enables us to pursue strategic acquisitions and partnerships that will accelerate our regional growth.”
In addition to the IFC, other investors participating in the round include Development Partners International, Lorax Capital Partners, and funds managed by Apis Partners LLP, Lunate, and GB Corp.
The latest funding came months after MNT-Halan announced a $400 million investment to become Egypt’s first unicorn.
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