MNT-Halan

MNT-Halan, based in Egypt, delivers innovative digital financial services designed to bank the unbanked and streamline cash transactions, catering primarily to consumers and SMEs. Founded in 2018, MNT-Halan is headquartered in Cairo, Egypt, focusing on providing digital financial solutions. The company was established by Mounir Nakhla and has undergone strategies to enhance its product offerings. MNT-Halan has successfully raised a total of USD 157.

5 mn across several funding rounds, with the most recent being a GROWTH round on July 19, 2024, led by prominent investors including Apis Partners and the International Finance Corporation. MNT-Halan specializes in a variety of digital financial services aimed at banking the unbanked. Its offerings include microfinancing loans of up to 200,000 EGP, instant digital lending up to 2,000 EGP, and a Buy Now Pay Later (BNPL) service for over 4,000 vendors. The company also facilitates payroll lending, allowing businesses to offer salary advances of up to 80% to employees, and provides digital payment solutions through mobile wallets and virtual cards.

Its services target both consumers and small to medium enterprises in Egypt, with recent expansions into the UAE and Turkey. MNT-Halan derives revenue from transaction-based services and lending products, managing microfinance and SME loans through the Halan cash wallet. The BNPL platform contributes to revenue as consumers make installment purchases from a diverse vendor network. The company operates through B2B and B2C relationships, partnering with retailers to supply FMCG products and home appliances, driving consistent revenue growth as it expands into new markets.

MNT-Halan is set to leverage its recent funding of USD 157. 5 mn raised on July 19, 2024, to enhance its product range and accelerate its market expansion. Plans include the launch of new financial products tailored for diverse customer needs, targeting further penetration in markets across the Middle East. The funding will support the development of innovative solutions and broaden its geographical reach, with a focus on capitalizing on emerging opportunities in the fintech landscape.