Egypt’s Fintech Trailblazer MNT-Halan Raises $550M to Revolutionize Financial Access in Egypt

MNT-Halan, Egypt’s first unicorn, has achieved a major milestone by raising 550,000,000, marking another significant step in its journey to revolutionize financial services in the region. Founded in 2018 with a mission to transform access to financial solutions through innovative technology, the company has consistently broken new ground in the digital finance space. With a cutting-edge app that allows users to get money, make money, transfer funds, play and win money, and shop all in one seamless platform, MNT-Halan is reshaping everyday financial interactions for more than 7 million customers and over 1.5 million quarterly active users across Egypt. This generous funding injection is set to accelerate the company’s ambitious roadmap; it will be invested in advancing MNT-Halan’s digital ecosystem, which includes services like small and micro-business lending, consumer finance, payments, and e-commerce. The company is committed to further simplifying financial services and expanding its state-of-the-art digital platform to meet the evolving demands of its diverse user base. Moreover, with licenses for micro, consumer, and nano finance from the Financial Regulatory Authority, as well as the first independent electronic wallet license from the Central Bank of Egypt, MNT-Halan is poised to deepen financial inclusion and foster economic growth. This latest funding round not only underscores investors’ confidence in MNT-Halan’s vision and capabilities but also reinforces its dedication to empowering individuals and entrepreneurs by making financial freedom accessible to everyone.