MNT-Halan
“Can Egypt's largest non-bank lender become the dominant financial super-app for the unbanked across MENA and Africa?”
Founded2017
HQCairo, Egypt
FoundersMounir Nakhla
Total raised~$677.5M (equity + debt disclosed)
Latest round$157.5M (July 2024)
Valuation~$1B (post-money, 2023)
IndustryFintech / Lending
The story
Founded 2017 as a micro-mobility / ride-hailing app, MNT-Halan pivoted into financial services and became Egypt's largest non-bank lender to the unbanked. Through aggressive M&A (Talabeyah for B2B FMCG distribution, Tam Finans for Turkey expansion) it has assembled a 'financial super app' bundling microfinance, consumer lending, BNPL, prepaid cards, wallets, and savings. It now positions itself as Lending-as-a-Service infrastructure for MENA and Africa.
Product timeline
2017
Founded as ride-hailing / micro-mobility platform in Egypt.· pivot
2021
Raised $120M growth round, expanded into lending and payments.· lending
2022
Acquired Talabeyah B2B FMCG e-commerce platform.· acquisition
2023
Reached unicorn status with $400M round led by Chimera Investments.· lending
2024
Raised $157.5M; acquired Tam Finans to expand into Turkey.· acquisition
2025
Launched 'Lending as a Service' product; received FRA approval for e-KYC and digital contracts.· lending
2025
Launched new Halan Card (Meeza prepaid) issued in partnership with ABK-Egypt and AAIB.· card
Regulated entities
Microfinance license
Egypt (FRA)
MNT-Halan
e-KYC and Digital Contracts approval
Egypt (FRA) · 2025
MNT-Halan
The stack
Payments / PSP
Halan Cash (self-operated)Halan mobile wallet (self-operated)Halan Meeza Prepaid Card (self-operated)
Banking / BaaS
Arab African International Bank (AAIB) + ABK-Egypt (sponsor banks)
Card issuing
Ledger
in-house
Lending
MNT-Halan (in-house)Microfinance (up to 200,000 EGP)Business lendingConsumer financeSalary AdvanceBNPL (home appliances, FMCG)Educational loansGold in InstallmentsLending as a Service
Sponsor bank
Arab African International Bank (AAIB); ABK-Egypt
Accounting gap: minor