Egypt-based fintech powerhouse MNT‑Halan has raised approximately EGP 3.4 billion (about US$71.4 million) through its seventh securitised bond issuance, marking another major milestone in its financing strategy.
The fundraising was carried out under a larger EGP 8 billion (≈US$168 million) securitisation programme approved by Egypt’s financial regulator, and the transaction was structured and managed by Commercial International Bank (CIB) and CI Capital.
Founded in 2018 by Mounir Nakhla and Ahmed Mohsen, MNT-Halan has rapidly grown into a leading fintech ecosystem in Egypt, offering micro- and SME-lending, payments, e-wallets and consumer finance via its Halan app and agent network.
This latest bond issuance allows the firm to convert existing loan receivables into investable securities, thereby unlocking liquidity to fund new lending and support the growth of its credit book.
According to coverage, the funds will be used primarily to expand MNT-Halan’s lending operations across Egypt, deepen financial-inclusion efforts and support its digital financial services infrastructure.
By leveraging securitisation, the company is able to tap debt markets for growth capital rather than relying solely on equity funding — a sign of increasing maturity in its business model and financing capabilities.
Why this matters
- The size of the issuance (US$71.4 million) exemplifies investor confidence in fintechs in emerging markets and underscores the depth of Egypt’s capital markets’ appetite for structured financing in fintech.
- For MNT-Halan, this move signals a transition from rapid startup growth toward capital-markets sophistication—unlocking the ability to scale lending at speed while maintaining balance-sheet discipline.
- Financial inclusion may benefit: by funding more microfinance and SME lending, MNT-Halan is positioned to serve the large unbanked and underbanked segments in Egypt’s economy.
With this latest bond issuance, MNT-Halan strengthens its capital base and enhances its ability to accelerate growth in Egypt’s burgeoning fintech market. If the company executes well, it may further consolidate its position as a regional fintech leader and set the stage for future equity or debt raises.
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