MNT-Halan Reaches $1.4B Valuation Following Al Ahly Capital Investment

Egyptian fintech, MNT-Halan has announced the first closing of an investment round led by Al Ahly Capital, the investment subsidiary of the National Bank of Egypt, after securing all necessary regulatory approvals, with a second closing expected as part of the ongoing round. The company’s valuation now stands at $1.4 billion, with proceeds largely directed to expand operations in Egypt and to support regional ambitions.

“While we have partnered with more than 30 Egyptian banks and financial institutions, this is the first time a commercial bank has become an equity partner in our journey, making this a particularly important milestone for us," said Mounir Nakhla, founder and CEO of MNT-Halan. "This investment is a powerful vote of confidence and a testament to the strong ties between the banking sector and the NBFI space.”

MNT-Halan operates in Egypt and Türkiye, owns a specialised bank focused on micro and small businesses in Pakistan, and has been active in the UAE since 2024, with plans to enter new Gulf markets. The investment highlights growing collaboration between incumbent banks and fintech platforms in Egypt, alongside regulatory support aimed at accelerating digital transformation and expanding access to financial services. Advisors to the transaction included Matouk Bassiouny & Hennawy as legal advisors and Al Ahly Pharos as financial advisor to MNT-Halan, while Van Campen Liem acted as legal advisor and Baker Tilly acted as financial and tax advisor to Al Ahly Capital.