The fintech sector is currently witnessing growing support from regulatory authorities, as part of their efforts to accelerate the pace of digital transformation, and expand the customer base of financial services, ensuring these services are accessible in a more efficient and secure manner.
MNT-Halan, Egypt and MENA’s first fintech unicorn, announced the successful first closing of an investment round led by Al Ahly Capital, the investment subsidiary of the National Bank of Egypt (NBE), following the completion of all necessary approvals from the relevant regulatory authorities. The transaction marks a significant milestone for both the company and Egypt’s fintech and non-bank financial services sector. A second closing is expected to follow as part of the ongoing investment round.
MNT-Halan’s valuation now stands at USD 1.4 billion, further reinforcing the company’s position as one of the region’s leading fintech platforms and highlighting investor confidence in its long-term growth strategy and market leadership. The company will mostly deploy the transaction proceeds to expand its operations in Egypt, while also supporting its regional expansion ambitions.
Over the years, MNT-Halan has established itself as one of the largest fintechs operating in Egypt and Türkiye. The company also owns a specialized bank focused on supporting micro and small businesses in Pakistan and has been operating in the UAE since 2024, with plans to continue its expansion into new markets across the Gulf region.
This investment underscores the increasing collaboration between traditional banking institutions and fintech-driven financial ecosystems. The partnership also reflects growing institutional confidence in the vital role that non-bank financial services play in advancing financial inclusion and driving economic growth in Egypt.
For Al Ahly Capital, the transaction represents a core private equity investment and is closely aligned with its long-term investment strategy of supporting high-growth businesses that contribute to financial inclusion and economic development.
The fintech sector is currently witnessing growing support from regulatory authorities, as part of their efforts to accelerate the pace of digital transformation, and expand the customer base of financial services, ensuring these services are accessible in a more efficient and secure manner.
“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. Over the years, we have helped more than 4 million individuals and business owners grow their operations and meet their families’ financial needs, enabled them to buy their first smartphones and step into the digital world, and provided financing for a wide range of vehicles for both commercial and personal use. This investment is a powerful vote of confidence and a testament to the strong ties between the banking sector and the NBFI space.”
– Mounir Nakhla, Founder and Chairman, MNT-Halan
“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. Al Ahly Capital has long believed that non-bank financial services play a vital role in supporting underbanked and underserved segments of the economy and are a key driver of sustainable economic growth in emerging markets. As such, the sector remains a core area of focus within our investment strategy. This investment is fully aligned with our objective of partnering with market-leading businesses that combine strong fundamentals, scalable business models, and meaningful social and economic impact. We are proud to join a distinguished group of local and international shareholders and look forward to supporting MNT-Halan in its next phase of growth. We believe the company is well positioned to capitalize on the significant opportunities that exist across Egypt and the wider region, and we are excited to be part of what we believe will continue to be a compelling growth story for years to come.”
– Karim Saada, Chief Executive Officer and Managing Director, Al Ahly Capital
Advisors to the transaction included Matouk Bassiouny & Hennawy as legal advisors and Al Ahly Pharos as financial advisor to MNT-Halan, while Van Campen Liem acted as legal advisor and Baker Tilly acted as financial and tax advisor to Al Ahly Capital.
