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- MNT-Halan
MNT-Halan Revenue, Valuation, Funding & Investors
MNT-Halan is valued at $1B as of January 2023, a 3.3x multiple on its last reported $300M revenue.
Last MNT-Halan valuation
$1B
Undisclosed stage · Jan 2023
Last MNT-Halan funding round
Undisclosed stage
Amount undisclosed · Jun 2026
MNT-Halan revenue
$300M
Undisclosed stage · Jan 2023
Key investors in MNT-Halan
Development Partners International
International Finance Corporation
Apis Partners
Lorax Capital Partners
Chimera Investment
Lunate
About MNT-Halan
Cairo-based MNT-Halan provides microfinance lending, digital payments, and banking services in Egypt. The company offers mobile wallets, debit cards, installment plans, and e-commerce financing through its app, targeting unbanked populations. MNT-Halan operates across urban and rural areas, partnering with merchants for cashless transactions and expanding into insurance products.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$300M (Jan 2023)
Valuation
$1B (Jan 2023)
MNT-Halan Valuation
MNT-Halan is currently valued at $1B, based on its undisclosed-stage round in January 2023.
The $200M round was led by Chimera Investment, with participation from International Finance Corporation.
MNT-Halan valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jan 2023 | Undisclosed stage | $1B | 3.3x |
MNT-Halan Revenue
MNT-Halan's latest recorded revenue is $300M, as of its undisclosed-stage round in January 2023. At a $1B valuation, that implies a 3.3x revenue multiple.
MNT-Halan revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2023 | $300M | $1B | 3.3x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
MNT-Halan Funding History
MNT-Halan has raised a total of $523M across 5 funding rounds.
MNT-Halan's first fundraising round was a $45M undisclosed-stage round in August 2018. The most recent completed round was a undisclosed-stage round in June 2026.
MNT-Halan funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Undisclosed stage | Al Ahly Capital Holding (lead) | - | - | - |
| Jul 2024 | Undisclosed stage | International Finance Corporation (lead); Apis Partners; Lorax Capital Partners; GB Corp; Development Partners International; Lunate | $158M | - | MNT-Halan, an Egyptian fintech founded in 2018 by Mounir Nakhla and Ahmed Mohsen, provides a digital platform offering microfinance, consumer finance, nano loans, payments, e-wallets, prepaid cards, e-commerce, savings, gold investments, and money market funds through its Halan app. The company holds licenses for micro, consumer, and nano finance from Egypt’s Financial Regulatory Authority and the first independent electronic wallet license from the Central Bank of Egypt. It serves over 7 million customers in Egypt, with 2.2 million quarterly active users, having disbursed more than $4.4 billion in loans to 3 million borrowers and processed $1.9 billion in transactions in 2023, with its app downloaded 4.2 million times by December 2023. In July 2024, MNT-Halan raised $157.5 million, including $40 million in equity from lead investor International Finance Corporation (IFC), with the remainder from existing investors Development Partners International, Lorax Capital Partners, Apis Partners, Lunate, and GB Corp. This round follows prior raises totaling $520 million over the past three years, including a $400 million debt and equity round in early 2023 that achieved unicorn status with a $1 billion valuation, plus $120 million in 2021 and $200 million equity in February 2023. The new funding, bringing total capital to $677.5 million, supports geographical expansion beyond Egypt via M&As and partnerships, though target countries are undisclosed. Egypt remains MNT-Halan's core market, where it has grown its user base over 20-fold. The company ranked eighth in Forbes Middle East’s 2024 list of the 50 Most Powerful Fintech Companies in the region. Post-funding, MNT-Halan pursued expansion, including acquiring a fintech in Turkey as part of its consolidation strategy. |
| Jan 2023 | Undisclosed stage | Chimera Investment (lead); International Finance Corporation | $200M | $1B | MNT-Halan is an Egyptian fintech founded in 2017 by Mounir Nakhla and Ahmed Mohsen, offering lending, buy now pay later, e-commerce, payments, and mobility services targeting unbanked populations via its proprietary Neuron technology platform. In January 2023, it secured up to $400 million in equity and debt financing, including $200 million equity from Chimera Investments for 20% stake, $40 million from IFC, $60 million from other international investors, and $140 million in securitized bonds, achieving a post-money valuation of $1 billion and unicorn status as Egypt's only private billion-dollar company at the time. Chimera Abu Dhabi led the equity portion, with the investment validating MNT-Halan's growth amid a tough VC climate by demonstrating revenue increases and new streams. The company reported over $300 million in revenue for 2022, yielding a 3.4x multiple on its unicorn valuation aligned with public market comparables. This followed a $120 million raise in Q3 2021 from investors like Development Partners International, Apis Growth Fund II, and Lorax Capital Partners. Post-round, MNT-Halan planned international expansion, including a swap with Netherlands-based MNT Investments, and further securitization up to $250 million via subsidiary Tasaheel with banks like Commercial International Bank. Its high-quality loan book of 246,000 contracts supported the financing, positioning it as a leader in transforming high-touch financial services through technology for underserved segments in Egypt and beyond. |
| Sep 2021 | Undisclosed stage | Apis Partners (lead); Development Partners International (lead); Lorax Capital Partners (lead) | $120M | - | MNT-Halan is Egypt's leading fintech ecosystem providing digital financial services including microfinance, consumer finance, nano loans, and an electronic wallet to underserved and unbanked customers. The company operates through brands like MNT Investments, Mashroey, and Tasaheel, leveraging proprietary technology for scalability and has licenses from the Egyptian Financial Regulatory Authority and Central Bank of Egypt. On September 8, 2021, it raised circa $120 million primarily from Apis Growth Fund II, Development Partners International (DPI, via African Development Partners III), and Lorax Capital Partners, with additional venture backing from Middle East Venture Partners, Endeavor Catalyst, and DisruptTech. The funds support technology innovation, product development, scaling to tens of millions of customers, and cross-border expansion. Apis Partners highlighted MNT-Halan's first-mover advantage, tech capabilities, and potential to digitize financial services for millions in Egypt. DPI had prior involvement as an anchor investor in 2018. Subsequent rounds reflect ongoing traction: in January 2023, MNT-Halan raised up to $400 million ($260M equity including $200M from Chimera Abu Dhabi for 20% stake, $140M debt), achieving a post-money valuation of about $1 billion. In July 2024, it secured $157.5 million (Series E), with $40M from IFC and the rest from DPI, Lorax, Apis Partners, Lunate, and GB Corp, positioning it as Egypt's first unicorn for regional expansion via M&As and partnerships. The company has raised over $829M across 11 rounds total. |
| Aug 2018 | Undisclosed stage | Development Partners International | $45M | - | Development Partners International announced on 14 August 2018 that it had invested US$45 million for a significant minority stake in MNT Investments, the Egyptian holding company for the consumer finance business Mashroey and the microfinance lender Tasaheel. The investment was made through DPI's second fund, African Development Partners II, and was its third Egyptian deal from that fund, taking capital deployed in the country to about US$150 million. DPI joined the existing majority shareholder GB Capital, a subsidiary of the listed automotive group GB Auto, and founder and chief executive Mounir Nakhla, who continued to run the business day to day. DPI said the capital would be used to strengthen MNT's digital strategy, expand its branch network and implement an ESG plan. Mashroey, founded in 2009, finances the purchase of utility vehicles by micro-entrepreneurs, mainly Bajaj-brand products supplied by GB Auto, while Tasaheel, founded in 2015, provides direct microfinance lending with a focus on group loans to skilled working women. At the time of the investment the group operated more than 220 branches, employed over 5,000 people and served in excess of 400,000 customers, and it later became MNT-Halan. |
Who has invested in MNT-Halan?
8 investors have backed MNT-Halan across its funding rounds, including Development Partners International, International Finance Corporation, Apis Partners, Lorax Capital Partners, Chimera Investment and Lunate.
Lead investors include Al Ahly Capital Holding, International Finance Corporation, Chimera Investment, Apis Partners, Development Partners International and 1 other investor.
MNT-Halan Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Aug 2018 | ||
| 2 | Lead | Sep 2021 | ||
| 2 | Lead | Sep 2021 | ||
| 2 | Lead | Jan 2023 | ||
| 1 | Participant | Jul 2024 | ||
| 1 | Lead | Jun 2026 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by MNT-Halan
MNT-Halan has acquired 5 companies to date.
Last acquisition by MNT-Halan was on July 26th 2024. MNT-Halan acquired Tam Finans for $200M.
Latest Acquisitions by MNT-Halan
| Description | Tam Finans is an Istanbul-headquartered fintech provider of trade finance solutions for small businesses, tradesmen, and startups in Turkey. The platform offers invoice financing, purchase order funding, and supply chain credits through a digital marketplace connecting borrowers with lenders. Launched in 2019, it processes millions in transactions monthly via API integrations with e-commerce sites like Trendyol and Hepsiburada. Tam Finans holds a banking license from the Turkish Banking Regulation and Supervision Agency, enabling rapid approvals and competitive rates for underserved SMEs. | Halan Microfinance Bank is a Pakistan-based financial institution serving underserved and low-income communities through microfinance products. It offers savings accounts, personal and business loans, insurance coverage, and financial literacy workshops. Headquartered in Lahore, the bank operates across multiple provinces in Pakistan, focusing on rural and semi-urban areas to promote economic inclusion. Established in 2019, Halan holds a full microfinance banking license from the State Bank of Pakistan and emphasizes digital banking channels for accessibility. | Advans Pakistan Microfinance Bank is a licensed Pakistani microfinance bank lending to small businesses and low-income households. Established in 2012 as part of the Luxembourg-based Advans network, it operated 19 branches and served more than 62,000 clients at the time of its sale, offering working capital loans, deposits and payment services under a State Bank of Pakistan licence. It earns net interest income and fees on the loans and accounts it provides. | Talabeyah is a Cairo-based B2B e-commerce platform that distributes food and groceries to restaurants, hotels, and cafes throughout Egypt. The startup streamlines supply chains with same-day delivery from warehouses in Greater Cairo and Alexandria. It sources fresh produce, dairy, meat, and pantry staples from local suppliers to over 2,000 hospitality businesses. | |
| HQ Country | |||||
| HQ City | İstanbul | Karachi | Karachi | Cairo | |
| Deal Date | 26 Jul 2024 | 26 Mar 2024 | 26 Mar 2024 | 22 Jun 2022 | |
| Valuation | $200M | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Investments by MNT-Halan
MNT-Halan has invested in 1 company to date.
Latest investment by MNT-Halan was on May 26th 2025. MNT-Halan invested in Halan Microfinance Bank in their $5M Strategic investment round.
Latest Investments by MNT-Halan
| Description | Halan Microfinance Bank is a Pakistan-based financial institution serving underserved and low-income communities through microfinance products. It offers savings accounts, personal and business loans, insurance coverage, and financial literacy workshops. Headquartered in Lahore, the bank operates across multiple provinces in Pakistan, focusing on rural and semi-urban areas to promote economic inclusion. Established in 2019, Halan holds a full microfinance banking license from the State Bank of Pakistan and emphasizes digital banking channels for accessibility. |
| HQ Country | |
| HQ City | Karachi |
| Deal Date | 26 May 2025 |
| Round | Strategic investment |
| Raised | $5M |
| Investors | - |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
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MNT-Halan Competitors
MNT-Halan competitors include listed companies like PicPay and Paymentus, and private ones like Moniepoint, Open Financial Technologies, Sunbit and Hala.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $265M | - | $1B | 3.8x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1.1B | - | ||
| Private | - | - | $900M | - | ||
| Publicly listed | $1.2B | $205M | $1.2B | 0.5x | ||
| Publicly listed | $1.2B | $117M | $4.6B | 3.0x |
MNT-Halan Public Comps
MNT-Halan is still privately-owned, but its public comps include Agibank, Superbank Indonesia, Forbright Bank, Eurowag, Worldline, Wema Bank, SY Holdings Group, Judo Bank, PicPay and Fawry.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.3B | $227M | 0.8x | 0.6x | 4.4x | 5.3x | |||
| $89M | - | 10.8x | - | - | - | |||
| $325M | - | 2.9x | - | - | - | |||
| $2.7B | $119M | 0.5x | 3.0x | 10.3x | 7.5x | |||
| $4.6B | ($5.2B) | 0.6x | 0.7x | (0.6x) | 3.8x | |||
| $312M | - | 2.8x | - | - | - | |||
| $135M | $120M | 5.8x | - | 6.5x | - | |||
| $368M | - | 2.2x | 2.1x | - | - | |||
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Common questions about MNT-Halan
| When was MNT-Halan founded? | MNT-Halan was founded in 2017. |
| Where is MNT-Halan headquartered? | MNT-Halan is headquartered in Cairo, Egypt. |
| Is MNT-Halan publicly listed? | No, MNT-Halan is a private, VC-backed company. |
| What is MNT-Halan's valuation? | MNT-Halan was last valued at $1B in its undisclosed-stage round in January 2023. |
| How much funding has MNT-Halan raised? | MNT-Halan has raised $523M across 5 funding rounds. |
| What was MNT-Halan's last funding round? | MNT-Halan's last funding round was a undisclosed-stage round in June 2026, led by Al Ahly Capital Holding. |
| Who are MNT-Halan's investors? | MNT-Halan's investors include Development Partners International, Apis Partners, Lorax Capital Partners, International Finance Corporation, GB Corp, Al Ahly Capital Holding, Chimera Investment and Lunate. |
| What is MNT-Halan's revenue? | MNT-Halan's latest recorded revenue is $300M (January 2023). |
| What is MNT-Halan's revenue multiple? | MNT-Halan's latest valuation implies a 3.3x revenue multiple ($1B valuation on $300M of revenue). |
| Which companies are comparable to MNT-Halan? | Companies comparable to MNT-Halan include Moniepoint, Open Financial Technologies, Sunbit, Hala, PicPay and Paymentus. |
| How many companies has MNT-Halan acquired? | MNT-Halan has acquired 5 companies, including Tam Finans, Halan Microfinance Bank, Advans Pakistan Microfinance Bank, Talabeyah and Halan. |
| What was the largest acquisition by MNT-Halan? | The $200M acquisition of Tam Finans in July 2024 is the largest acquisition MNT-Halan has made to date. |
| How many companies has MNT-Halan invested in? | MNT-Halan has invested in 1 company, including Halan Microfinance Bank. |
| What was MNT-Halan's last investment? | In May 2025, MNT-Halan invested in Halan Microfinance Bank's $5M strategic investment round. |
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