Cairo, Egypt — Egyptian fintech unicorn MNT-Halan has raised EGP 3.4 billion (USD 71.4 million) through its seventh securitised bond issuance, as part of an EGP 8 billion (USD 168 million) program approved by the Financial Regulatory Authority (FRA). The transaction was jointly structured and managed by Commercial International Bank (CIB) and CI Capital.
The issuance was divided into five tranches with maturities ranging from six to 36 months and received ratings from MERIS (Middle East Rating & Investor Services). The proceeds will be used to support MNT-Halan’s lending operations and expand its credit portfolio in Egypt.
Founded in 2018 by Mounir Nakhla and Ahmed Mohsen, MNT-Halan operates a digital financial ecosystem offering micro and SME loans, consumer finance, payments, e-wallets, and prepaid cards through its Halan app and nationwide agent network.
The company’s securitisation program allows it to convert existing loan receivables into investable bonds, providing liquidity to fund new loans. This marks the seventh issuance under the program and follows earlier transactions completed in collaboration with the same banking partners.
In 2024, MNT-Halan acquired Turkish micro-leasing company Tam Finans to expand its consumer credit and factoring services in both Turkey and Egypt. The fintech continues to grow its presence across the region, supported by structured debt financing and regulatory approval for its securitisation framework.
Egyptian fintech MNT-Halan taps debt market again with $71.4M issuance