MNT-Halan, Egypt and MENA’s first FinTech unicorn, has completed the first closing of a new investment round led by Al Ahly Capital, the investment arm of the National Bank of Egypt (NBE).
The deal values MNT-Halan at $1.4bn, with a second closing anticipated as part of the continuing round. Proceeds will be directed primarily towards expanding the company’s operations in Egypt, alongside furthering its ambitions across the broader region.
MNT-Halan has grown to become one of the largest FinTech platforms operating across Egypt and Türkiye. The company also holds ownership of a specialist bank serving micro and small enterprises in Pakistan and has maintained a presence in the UAE since 2024, with further expansion planned across the Gulf region.
MNT-Halan founder and chairman Mounir Nakhla said, “I am extremely happy to have Al Ahly Capital, the investment subsidiary of Egypt’s largest bank, as a shareholder in the company. While we have partnered with more than 30 Egyptian banks and financial institutions, this is the first time a commercial bank has become an equity partner in our journey, making this a particularly important milestone for us. Together, we will redefine access to financial services for small and micro businesses, as well as people living in remote towns and villages across Egypt who have historically been underserved.”
Al Ahly Capital CEO and managing director Karim Saada said, “At Al Ahly Capital, we are pleased to conclude this investment in MNT-Halan, reflecting our conviction in the company’s strong regional growth potential, the quality of its management team, and its proven ability to execute on an ambitious vision. Over the years, MNT-Halan has established itself as one of the region’s leading fintech and non-bank financial services platforms, successfully building a diversified ecosystem that serves millions of customers and addresses critical gaps in financial inclusion.”
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