# MNT-Halan

> Source: https://docs.barcoder.ai/docs/wallets/mnt-halan
> research date 2026-05-29 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [MNT-Halan — official](https://halan.com/)

## Overview

**MNT-Halan** is **Egypt's first fintech unicorn** + Egypt's largest **lending + digital-payments fintech serving the unbanked** <sup>[1][1], [2][2], [Egypt report](https://docs.barcoder.ai/docs/payments/EG)</sup>. **8+ million customers globally** + **2 million active quarterly users**. **Cumulative loans disbursed since inception**: **$11+ billion**.

**2025 funding milestones via public-debt markets** <sup>[3][3]</sup>:
- **October 2025 — 7th securitised bond issuance**: EGP 3.4 billion ($71.4 million).
- **May 2025 — landmark corporate bond issuance**: EGP 2.5 billion (~$49M) — **largest of its kind in Egypt to date**.
- **Cumulative 2025 debt issuances**: **EGP 15 billion ($315.32M)**.
- **Upcoming portfolio growth supported by new debt instruments**: sukuk + green bonds + securitised bonds worth **EGP 40-50 billion ($840.9M-$1.1B)**.

**Strategic 2026 ambitions** <sup>[4][4]</sup>:
- **Financing portfolio**: Grow ~**40%** to **$4.5-5 billion** by end-2026 (from $3.5B projected for 2025).
- **Regional stock exchange listing**: 12-18 months target.
- **Decacorn status (>$10B valuation)**: 5-7 years target.

**September 2025 — Egypt's first fully digital secured loan** <sup>[5][5]</sup>: Distinctive MNT-Halan-launched product innovation.

## History

**2018 — MNT-Halan founded by Mounir Nakhla** <sup>[2][2]</sup> to digitally bank Egypt's unbanked + substitute cash with electronic solutions.

**2018-2022 — Mass Egyptian adoption** <sup>[1][1]</sup>: 8M+ customers cumulative.

**2023 — Egypt's first fintech unicorn** <sup>[6][6]</sup>: $1B+ valuation milestone.

**Late 2024 — MNT-Halan $157.5M funding round** post-unicorn status <sup>[7][7]</sup>.

**2025 — 7 securitised bond issuances (cumulative EGP 15B / $315.32M)** <sup>[3][3]</sup>.

**September 2025 — Egypt's first fully digital secured loan launch** <sup>[5][5]</sup>.

## Ownership & operator

**Operating entity**: **MNT-Halan**.

**Founder + CEO**: **Mounir Nakhla** (Egyptian entrepreneur).

**Major investors**: **Chimera Investments (UAE) + Apis Partners + DPI (Development Partners International) + Lorax + GB Capital + IFC + Lendable + Various MENA + global PE funds**.

**Regulators**: **CBE (Central Bank of Egypt)** + **Egyptian Financial Regulatory Authority** + **pursuing digital banking license (CBE framework laid out July 2024)**.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | MNT-Halan mobile app (iOS + Android) + agent network |
| **Identifiers** | Phone + email |
| **EG rail** | **[Meeza QR](https://docs.barcoder.ai/docs/standards/meeza-qr)** (Egypt national debit + POS-mandatory) |
| **Sub-products** | Salary advances + microloans + digital payments + Sept 2025 first digital secured loan + first-mover Egypt REIT + bill payment + e-commerce |
| **Cumulative loans disbursed**: $11+ billion since 2018 |
| **License** | Lending + payments + e-money microfinance (CBE) + pursuing CBE digital banking license |

## Users & growth

**2025 baseline** <sup>[1][1], [3][3]</sup>:
- **Customers globally**: 8+ million
- **Active quarterly users**: 2 million
- **Cumulative loans disbursed**: $11+ billion since 2018
- **2025 debt issuances cumulative**: EGP 15B ($315.32M)
- **Strategic 2026 target**: $4.5-5B financing portfolio
- **Strategic 5-7 years**: Decacorn status (>$10B valuation)

## Use cases

Egyptian unbanked lending + digital banking (salary advances + microloans + digital payments); Sept 2025 first fully digital secured loan; bill payments + e-commerce + agent banking; first-mover Egypt REIT (proptech expansion); preparing for CBE digital banking license + regional stock exchange listing.

## Implementations & partners

**Operator**: **MNT-Halan** (Mounir Nakhla founder + CEO).

**Major investors**: **Chimera Investments (UAE) + Apis Partners + DPI (Development Partners International) + Lorax + GB Capital + IFC + Lendable** + others.

**Major Egyptian fintech competitors**:
- **[Fawry](https://docs.barcoder.ai/docs/wallets/fawry)** (Egypt's #1 payment platform; 54.8M monthly users; EGX-listed; first listed-fintech unicorn)
- **[Vodafone Cash (Egypt)](https://docs.barcoder.ai/docs/wallets/vodafone-cash)** (Egypt's #1 mobile-money wallet by transactions + value)
- **[Khazna](https://docs.barcoder.ai/docs/wallets/khazna)** (Egypt salaried-worker fintech; pre-Series B + SA expansion)
- **InstaPay** (CBE-led national instant payment)
- **Network International Egypt** (Network International MENA reach)

**Regulators**: **CBE + Egyptian Financial Regulatory Authority + pursuing CBE digital banking license**.

## Fun facts

- **Egypt's first fintech unicorn** (2023).
- **2018 founding by Mounir Nakhla** to digitally bank Egypt's unbanked.
- **$11+ billion cumulative loans disbursed since inception**.
- **8M+ customers globally + 2M active quarterly users**.
- **2025 = 7 securitised bond issuances cumulative EGP 15B ($315.32M)** — major MENA public-debt-markets fintech.
- **Strategic decacorn (>$10B valuation) target in 5-7 years**.
- **2026 financing portfolio target**: $4.5-5B (~40% growth).
- **September 2025 first fully digital secured loan in Egypt**.
- **First-mover Egypt REIT** (proptech expansion).
- **Backed by Chimera Investments (UAE) + Apis Partners + DPI + IFC + GB Capital**.

## Comparison

| Feature | MNT-Halan | [Fawry](https://docs.barcoder.ai/docs/wallets/fawry) (EG #1 payment platform rival) | [Vodafone Cash (Egypt)](https://docs.barcoder.ai/docs/wallets/vodafone-cash) (EG #1 mobile-money wallet rival) | [Khazna](https://docs.barcoder.ai/docs/wallets/khazna) (EG salaried-worker fintech rival) | [Hala](https://docs.barcoder.ai/docs/wallets/hala) (Saudi SME comprehensive analogous) |
|---|---|---|---|---|---|
| Operator | **MNT-Halan (Mounir Nakhla founder; Chimera + Apis + DPI + IFC + GB Capital backed)** | Fawry (EGX: FWRY; Ashraf Sabry founder) | Vodafone Egypt (Vodafone Group LSE: VOD + Telecom Egypt JV) | Khazna (Egyptian salaried-worker fintech) | Hala (TPG + Sanabil $157M Sep 2025) |
| Type | **EG first fintech unicorn — lending + digital payments + unbanked-banking + first-mover REIT** | EG #1 payment platform + agent network + multi-segment financial services | EG #1 mobile-money wallet by transactions + value (telco-led) | EG salaried-worker financial services (advances + loans + payments) | Saudi SME comprehensive infrastructure |
| Country | Egypt | Egypt | Egypt | EG + SA expansion | Saudi + UAE |
| Users | **8M+ customers + 2M active quarterly + $11B+ cumulative loans** | 54.8M monthly users + 377K agents + 6M+ daily tx | 11.4M active + 55%/78%/81% EG mobile-wallet shares | 500K+ users + 100K employees direct payroll | 140K+ Saudi/UAE SMEs + $8B annual |
| Distinctive | **Egypt's first fintech unicorn; 2025 = 7 securitised bond issuances cumulative EGP 15B ($315.32M); $4.5-5B 2026 portfolio target; decacorn 5-7 years target; Sep 2025 first digital secured loan; first-mover Egypt REIT** | EGX-listed; FY2025 record EBITDA 4.97B + 57.4% margin; Financial Services +135% growth | 2013 launch; FY2025 €113.7M revenue +18.8%; Mar 2026 TapTap Send | Salary-advance focus; Feb 2025 $16M pre-Series B; SA expansion + digital banking license pursuit | Sep 2025 $157M Series B; Saudi Stripe-for-MENA-SMEs |

## Status

**Active, Egypt's first fintech unicorn + largest lending/digital-payments fintech** <sup>[1][1], [3][3]</sup>:
- **MNT-Halan (Mounir Nakhla founder)** since 2018.
- **8M+ customers globally + 2M active quarterly users + $11B+ cumulative loans disbursed**.
- **2025 = 7 securitised bond issuances cumulative EGP 15B ($315.32M)**.
- **Strategic 2026 target**: $4.5-5B financing portfolio; 12-18 month regional stock exchange listing; 5-7 year decacorn (>$10B valuation) target.
- **September 2025 Egypt's first fully digital secured loan + first-mover Egypt REIT**.
- **CBE + Egyptian Financial Regulatory Authority + pursuing CBE digital banking license**.

## Sources

[1]: https://disruptafrica.com/2025/10/14/egyptian-fintech-unicorn-mnt-halan-raises-71-4m-via-7th-securitised-bond-issuance/ "MNT-Halan $71.4M 7th securitised bond Oct 2025 — Disrupt Africa"
[2]: https://halan.com/ "MNT-Halan — official"
[3]: https://weetracker.com/2025/05/14/egypt-fintech-unicorn-mnt-halan-bond-issuance/ "MNT-Halan May 2025 EGP 2.5B bond issuance — WeeTracker"
[4]: https://www.billionaires.africa/2025/12/26/mounir-nakhla-mnt-halan-financing-target-2026/ "Mounir Nakhla MNT-Halan $5B 2026 target + decacorn — Billionaires Africa"
[5]: https://www.ecofinagency.com/news-finances/2909-49098-egyptian-fintech-mnt-halan-launches-egypt-s-first-fully-digital-secured-loan "MNT-Halan first digital secured loan Sep 2025 — Ecofin Agency"
[6]: https://globalbusinessoutlook.com/fintech/mena-watch-mnt-halan-becomes-egypts-first-fintech-unicorn/ "MNT-Halan Egypt's first fintech unicorn — Global Business Outlook"
[7]: https://empowerafrica.com/mnt-halan-raises-157-5-million-months-after-becoming-egypts-first-unicorn/ "MNT-Halan $157.5M post-unicorn — Empower Africa"
[eg-cro]: https://docs.barcoder.ai/docs/payments/EG

- [1] [MNT-Halan $71.4M 7th securitised bond — Disrupt Africa][1]
- [2] [MNT-Halan — official][2]
- [3] [MNT-Halan May 2025 EGP 2.5B — WeeTracker][3]
- [4] [Mounir Nakhla MNT-Halan $5B 2026 target — Billionaires Africa][4]
- [5] [MNT-Halan first digital secured loan — Ecofin Agency][5]
- [6] [MNT-Halan Egypt's first fintech unicorn — Global Business Outlook][6]
- [7] [MNT-Halan $157.5M post-unicorn — Empower Africa][7]
- <sup>[Egypt report](https://docs.barcoder.ai/docs/payments/EG)</sup> In-corpus: `reports/countries/EG-egypt.md`

## Source

Biography extracted from [mnt-halan.md](https://docs.barcoder.ai/source/wallets/mnt-halan). See `matrix.md` for standards-support matrix if present.