MNT-Halan has secured a strategic investment led by Al Ahly Capital, marking a major development for Egypt’s fintech and non-bank financial services sector. The first closing of the investment round was completed after receiving the necessary regulatory approvals, with a second closing expected to follow. The transaction values MNT-Halan at $1.4 billion and strengthens its position as one of the region’s most prominent fintech platforms.
Strategic Investment Strengthens MNT-Halan’s Growth Plans
The new capital will primarily support MNT-Halan’s continued expansion across Egypt, while also advancing its regional growth strategy. The company already operates in Egypt and Türkiye, owns a specialized microfinance bank in Pakistan, and has been active in the UAE since 2024. Its wider ambition includes entering additional Gulf markets as demand grows for technology-enabled financial services.
Al Ahly Capital’s participation represents a significant vote of confidence from one of Egypt’s leading financial institutions. As the investment arm of the National Bank of Egypt, Al Ahly Capital brings institutional backing, sector expertise, and strategic alignment with MNT-Halan’s financial inclusion goals. The deal also reflects the growing convergence between traditional banking groups and fintech-led financial ecosystems.
A Milestone for Banking and Fintech Collaboration
MNT-Halan Founder and Chairman Mounir Nakhla described the investment as a particularly important milestone for the company. He noted that while MNT-Halan has worked with more than 30 Egyptian banks and financial institutions, this is the first time a commercial bank has become an equity partner in its journey. According to Nakhla, the partnership will help expand access to financial services for small businesses, micro-enterprises, and underserved communities across Egypt.
The company has built a broad offering that includes business and consumer lending, prepaid cards, e-wallets, investment services, and e-commerce solutions. Since its launch in 2018, MNT-Halan has disbursed more than USD 15.5 billion in loans and served over 8 million customers globally. It also reports more than 2.3 million active quarterly customers and 10 million app downloads, reflecting strong adoption of its expanding product suite.
Al Ahly Capital Backs Financial Inclusion
Karim Saada, Chief Executive Officer and Managing Director of Al Ahly Capital, said the investment reflects confidence in MNT-Halan’s management, growth prospects, and execution capabilities. He highlighted the company’s role in building a diversified fintech and non-bank financial services platform serving millions of customers. Saada also emphasized that non-bank financial services are essential to supporting underbanked segments and driving sustainable economic growth in emerging markets.
For Al Ahly Capital, the transaction aligns with its long-term strategy of investing in high-growth businesses with scalable models and measurable social and economic impact. The company has developed a broad financial services platform spanning private equity, capital markets, lending, payments, brokerage, asset management, and securitization. Backed by the National Bank of Egypt, Al Ahly Capital manages assets exceeding USD 2.5 billion and continues to build a connected financial ecosystem across Egypt and the wider region.
Regional Footprint and Regulatory Strength
MNT-Halan has developed one of the region’s most comprehensive regulatory profiles for a fintech platform. In Egypt, it holds licenses covering microfinance, SME finance, consumer finance, nano finance, fintech services, investment certificate subscriptions and redemptions, electronic wallets, and prepaid cards. Internationally, it operates through Tam Finans in Türkiye, Halan Microfinance Bank in Pakistan, and regulated financing activities in the UAE.
The company’s expansion has been supported by increasing regulatory attention to digital transformation and financial inclusion across the region. Policymakers and financial authorities are seeking to widen access to secure, efficient, and technology-driven financial services. Against that backdrop, MNT-Halan’s model positions it to serve individuals and businesses that have traditionally lacked access to formal financial products.
The investment led by Al Ahly Capital marks a defining moment for MNT-Halan as it scales in Egypt and pursues broader regional expansion. It also signals deeper collaboration between established banking institutions and fintech platforms focused on inclusion, lending, and digital financial services. With a $1.4 billion valuation, a growing customer base, and strong institutional backing, MNT-Halan is positioned to play a larger role in shaping the future of financial services across Egypt and the wider MENA region.