MNT-Halan Targets $5B Lending Portfolio by 2026

Egyptian fintech company MNT-Halan is preparing to scale its lending operations as credit demand is expected to increase, targeting a financing portfolio of $4.5–5 billion by the end of 2026. The figure would represent roughly 40% growth from an expected portfolio size of around $3.5 billion by the end of 2025.

Founder and chief executive Mounir Nakhla said the expansion will be driven primarily by consumer financing and lending, supported by a technology-led model as Egypt enters a monetary easing cycle. Founded in 2017 by Nakhla and Ahmed Mohsen, MNT-Halan provides business and consumer loans, prepaid cards, e-wallets, savings and investment products, as well as e-commerce services through its Halan app, alongside a nationwide physical distribution network.

The company is also evaluating a potential listing on a regional stock exchange within the next 12 to 18 months and has set a longer-term ambition to reach decacorn status, with a valuation exceeding $10 billion within five to seven years. To fund its growth, MNT-Halan plans to issue LE 40–50 billion in debt instruments next year, including sukuk, securitised bonds and green bonds, following more than LE 15 billion in issuances during 2025. Its 2026 plans include financing sukuk worth LE 9 billion early in the year, more than double year-on-year.

Beyond lending, MNT-Halan has launched a real estate fund that is currently in discussions with several major Egyptian developers to acquire commercial properties. The fund’s initial issuance is capitalised at LE 250 million, with a target size of LE 2 billion as it scales.