THE MIDDLE EAST’S

8. MNT-Halan

Description: Lending, BNPL and payments platform
Headquarters: Egypt
Date of Establishment: 2018
Founders: Mounir Nakhla, Ahmed Mohsen

MNT-Halan provides digital banking and electronic payment solutions, including small and micro business lending, payments, consumer finance, and e-commerce. With over 1.5 million quarterly active users, it has served nearly eight million customers, of which five million are financial clients and three million are borrowers. It processed $1.9 billion in transactions in 2023. Its app had been downloaded 4.2 million times as of December 2023. MNT-Halan became a unicorn in February 2023 after closing an equity round of $200 million. In 2023, the company raised over $450 million of debt through securitizations and launched new offerings, including the prepaid card “Halan card.”