MNT-Halan attains $1.4 B valuation after investment round from Al Ahly Capital

MNT-Halan, Egypt’s leading fintech ecosystem, 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 completed following the receipt of all required regulatory approvals, with a second closing expected as part of the ongoing funding round.

The investment reflects growing confidence in Egypt’s fintech sector and highlights increasing collaboration between traditional financial institutions and technology-driven financial services providers. It also reinforces MNT-Halan’s position as one of the region’s largest fintech platforms.

MNT-Halan plans to allocate the majority of the proceeds toward expanding its operations in Egypt while supporting its broader regional growth strategy. The company currently operates in Egypt and Türkiye, owns a specialised bank serving micro and small enterprises in Pakistan, and has been expanding its presence across Gulf markets.

Founded by Mounir Nakhla, MNT-Halan offers a comprehensive digital financial ecosystem that includes 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 continued to expand through a combination of organic growth, strategic acquisitions, and new market entries.

For Al Ahly Capital, the transaction aligns with its private equity strategy of investing in businesses that contribute to financial inclusion and economic development, while supporting Egypt’s broader digital transformation agenda.