• MNT-Halan is targeting 40% growth in its financing portfolio, aiming for USD 4.5–5 billion by the end of 2026.
• The fintech plans IPO within 12–18 months and aims to become a decacorn valued over USD 10 billion.
• It is preparing EGP 40–50B in debt issuances next year, including sukuk, securitized, and green bonds for expansion.

MNT Halan

Egyptian fintech company MNT-Halan aims to increase the size of its financing portfolio by about 40% next year, reaching USD 4.5–5 billion by the end of 2026. This is in comparison to the expected USD 3.5 billion by the end of this year. 

In an interview with Asharq, Mounir Nakhla, Founder and CEO of MNT Halan, explains that the target growth will focus on consumer financing and lending. Additionally, this is with an emphasis on a tech-driven financing solution in light of expected increased credit demand as the Egyptian market enters a monetary easing cycle.

Founded in 2017 by Mounir Nakhla and Ahmed Mohsen, MNT Halan is a fintech company aiming to transform access to financial services through technology. It provides business and consumer loans, prepaid cards, e-wallets, investments, savings, and e-commerce services through the Halan app and a nationwide physical presence.

Future Plans

In regards to IPO plans, the CEO indicates that the company is considering listing on a regional stock exchange within 12-18 months. He also highlighted that the fintech aims to become a ‘decacorn,’ a startup valued at over USD 10 billion, within 5–7 years.”

Nakhla further explains that the real estate fund it recently launched is currently negotiating with several major real estate developers in Egypt. The negotiation seeks to include commercial buildings in its portfolio, with an initial capital of EGP 250 million for the first issuance, targeting a total fund value of EGP 2 billion.

In terms of debt instruments, MNT-Halan is preparing to issue sukuk, securitized bonds, and green bonds worth EGP 40–50 billion next year. This comes after issuing over EGP 15 billion in 2025. The 2026 plans include financing sukuk worth EGP 9 billion at the beginning of the year, representing a more than twofold increase year-on-year.