Egyptian entrepreneur Mounir Nakhla’s MNT-Halan reaches $1-billion valuation in funding round

MNT-Halan, a leading fintech player led by Egyptian entrepreneur Mounir Nakhla, has made headlines as its valuation has skyrocketed to over $1 billion following a recent funding round.

The fintech startup, which provides financial services to individuals and businesses in the Middle East and North Africa, secured $400 million in funding from a group of investors, solidifying its position as a leader in the region’s fintech sector.

Founded in 2018, with roots dating back to 2010, MNT-Halan under the leadership of Mounir Nakhla has grown into a leading fintech ecosystem and the largest and fastest-growing lender to the unbanked and underbanked.

With its innovative mobile-based platform, the company provides a wide range of financial services, including loans, savings accounts, and insurance products. The platform is designed to be user-friendly and accessible, enabling users to manage their finances with ease and convenience.

The recent funding round will help MNT Halan to continue expanding its operations and improving its platform. The company, with Mounir Nakhla at the helm, plans to use the funds to develop new products, enhance its technology infrastructure, and reach more customers across the Middle East and North Africa region.

With its focus on innovation and accessibility, MNT Halan is poised to continue its rapid growth and solidify its position as a leading player in the region’s fintech sector.

Under the visionary leadership of Mounir Nakhla, the fintech startup made strides in expanding its portfolio in 2022 with the strategic acquisition of Talabeyah, an innovative e-commerce platform that bridges the gap between buyers and sellers across the Middle East and North Africa.

This acquisition served as a stepping stone towards realizing Nakhla’s ambitious goal of establishing a holistic financial services platform, offering a full range of financial and e-commerce solutions in one convenient location.

As a result, MNT Halan emerged as the ultimate destination for individuals and businesses in the region to streamline their financial operations and drive growth, becoming a true one-stop shop for all their financial needs.