Egypt’s fintech giant MNT-Halan has reached a valuation of $1.4 billion following the first closing of a new investment round led by Al Ahly Capital, the investment arm of the National Bank of Egypt.
The transaction was finalized after securing all required regulatory approvals, with a second closing expected as the broader funding round continues.
The deal signals rising investor confidence in Egypt’s fintech sector and underscores growing collaboration between traditional financial institutions and digital-first financial service providers. It further cements MNT-Halan’s position as one of the largest fintech platforms in the region.
The company plans to channel most of the new capital into expanding its operations in Egypt while advancing its regional growth strategy. MNT-Halan currently operates in Egypt and Türkiye, owns a specialised bank focused on micro and small enterprises in Pakistan, and has been extending its footprint across Gulf markets.
Founded by Mounir Nakhla, MNT-Halan has built an integrated digital financial ecosystem offering business and consumer lending, payments, e-wallets, savings, investments, and e-commerce services. The company became Egypt’s first fintech unicorn in 2023 and has since grown through a mix of organic expansion, strategic acquisitions, and entry into new markets.
For Al Ahly Capital, the investment aligns with its private equity strategy of backing businesses that drive financial inclusion and economic development, while supporting Egypt’s broader digital transformation agenda.
