Egyptian Fintech Unicorn MNT-Halan Secures $76.5 Million in New Financing Deals

Egyptian fintech company MNT-Halan has secured more than EGP 4 billion (US$76.5 million) through three securitisation transactions, strengthening its funding capacity as it continues to expand access to financial services for consumers and businesses across Egypt.

The transactions were completed through two of the company’s subsidiaries, Halan Consumer Finance and Tasaheel for Finance. The deals include an EGP 528.5 million (US$10.1 million) issuance for Halan Consumer Finance, alongside two issuances for Tasaheel valued at EGP 1.2 billion (US$23 million) and EGP 2.28 billion (US$43.6 million).

All three transactions have a 13-month tenor and received an A- credit rating from Middle East Rating and Investors Service (MERIS).

The latest financing is expected to provide MNT-Halan with additional capital to support its lending operations and strengthen its ability to serve consumers, micro-businesses and small and medium-sized enterprises.

Founded in 2018, MNT-Halan has developed a digital financial ecosystem that combines lending, payments and other financial services. The company focuses particularly on customers who have historically faced limited access to traditional banking and formal financial services.

According to the company, it has disbursed more than US$15.5 billion in loans since its establishment and served more than 8 million customers globally. Its digital application has also recorded more than 10 million downloads.

Two of the latest securitisation transactions, valued at EGP 1.2 billion and EGP 2.28 billion, are backed by receivables from microfinance and small and medium-sized enterprise financing contracts. The EGP 528.5 million transaction for