Egyptian fintech unicorn MNT-Halan has raised EGP 3.4 billion (US$71.4 million) through its seventh securitised bond issuance, reinforcing its strategic reliance on debt markets to support its rapidly expanding lending operations. The issuance is part of a broader EGP 8 billion (US$168 million) securitization programme approved by Egypt’s Financial Regulatory Authority (FRA).
The transaction was jointly managed by Commercial International Bank (CIB) and CI Capital, and structured into five tranches with maturities ranging from six to 36 months. Each tranche received credit ratings from MERIS (Middle East Rating & Investor Services), offering investors a diversified risk and duration profile.
Founded in 2018, MNT-Halan began as a ride-hailing service for two- and three-wheelers but has since evolved into Egypt’s largest non-bank lender to the unbanked. Its digital ecosystem now spans small and micro business lending, consumer finance, payments, e-commerce, and logistics, all integrated into a super app that connects millions of users across Egypt.
To date, MNT-Halan has disbursed over US$11 billion in loans and served more than 8 million customers globally. The company reached unicorn status following multiple funding rounds, including a US$49 million corporate bond issuance in May 2025, and a US$200 million equity raise in 2023.
Securitization has become the backbone of MNT-Halan’s funding strategy. By converting loan receivables into investable notes, the company gains immediate liquidity to underwrite new loans, without diluting equity. This approach allows MNT-Halan to maintain a steady cadence of capital inflows while scaling its loan book in response to rising demand for credit, especially in Egypt’s inflationary environment.
The latest issuance reflects continued investor confidence in MNT-Halan’s asset quality and servicing performance. It also signals the company’s commitment to building a repeatable, scalable debt funding model, positioning it for sustained growth in Egypt’s competitive consumer finance landscape.
MNT-Halan’s approach mirrors that of other Egyptian fintech players like valU, which has also executed multiple securitisations since 2021. These debt instruments offer larger, more predictable funding tranches than traditional venture capital, enabling fintech lenders to scale efficiently while preserving equity for technology development and market expansion.
As Egypt’s fintech sector continues to mature, MNT-Halan’s securitization programme stands out as a blueprint for sustainable, debt-led growth, one that balances innovation with financial discipline.
