Latest news with #MNT-Halan
CairoScene
11-06-2025
- Business
- CairoScene
WATCH: Egyptian Startups Secure $228M in First Five Months of 2025
In total, 16 deals were recorded during the period, with 11 of them publicly disclosing investment of $156 million altogether. Jun 11, 2025 Egyptian startups have attracted $228 million in venture capital and debt financing from January to May 2025, according to a statement from the Ministerial Group for Entrepreneurship. The figures mark a 130% year-on-year increase in disclosed investment volume, reflecting continued growth in Egypt's startup ecosystem despite ongoing economic challenges. In total, 16 deals were recorded during the period, with 11 of them publicly disclosing investment amounts that collectively reached $156 million. In addition to equity investments, two notable debt financing deals were secured: proptech platform Nawy raised $23 million, while fintech firm MNT-Halan secured $49 million.
Business Recorder
06-06-2025
- Business
- Business Recorder
Countrywide expansion: Halan receives licence from State Bank of Pakistan
KARACHI: Halan Microfinance Bank ('the Bank'), a Pakistani microfinance bank owned by MNT-Halan, Egypt and the MENA region's first fintech unicorn, has received a national license from the State Bank of Pakistan, allowing it to expand outside Sindh to the rest of the country. The national license permits the Bank to launch and manage financial services, including branchless banking, cards, mobile banking, retailer-based transactions, and wallet services. These services will complement the Bank's current product suite, which includes microfinance, salary advances, pensions, current accounts, and savings accounts. Commenting on this development, Mounir Nakhla, Founder and Chief Executive Officer of MNT-Halan, said that securing a national license is a major step in our journey to serve more people and businesses across Pakistan. This milestone would not have been possible without the continued support of the State Bank of Pakistan, he said. Copyright Business Recorder, 2025
Business Recorder
06-06-2025
- Business
- Business Recorder
Countrywide expansion: Halan receives licence from SBP
KARACHI: Halan Microfinance Bank ('the Bank'), a Pakistani microfinance bank owned by MNT-Halan, Egypt and the MENA region's first fintech unicorn, has received a national license from the State Bank of Pakistan, allowing it to expand outside Sindh to the rest of the country. The national license permits the Bank to launch and manage financial services, including branchless banking, cards, mobile banking, retailer-based transactions, and wallet services. These services will complement the Bank's current product suite, which includes microfinance, salary advances, pensions, current accounts, and savings accounts. Commenting on this development, Mounir Nakhla, Founder and Chief Executive Officer of MNT-Halan, said that securing a national license is a major step in our journey to serve more people and businesses across Pakistan. This milestone would not have been possible without the continued support of the State Bank of Pakistan, he said. Copyright Business Recorder, 2025
Arab News
05-06-2025
- Business
- Arab News
Central bank issues microfinance banking license to Pakistan subsidiary of Egyptian fintech
KARACHI: The State Bank of Pakistan said on Thursday it had granted a nationwide microfinance banking license to Halan Microfinance Bank Limited, a subsidiary of MNT-Halan, one of Egypt's largest microfinance companies. MNT-Halan acquired Advans Pakistan Microfinance Bank in March 2024 and rebranded it as Halan Microfinance Bank. Halan focuses on digital banking, mobile wallets, cards, and a Buy Now, Pay Later (BNPL) platform. 'The State Bank of Pakistan has granted a Nation-wide microfinance banking license to Halan Microfinance Bank Limited with effect from June 03, 2025,' the bank said in a statement. 'The MFB has recently been acquired by MNT-Halan, Egypt's leading fintech company having global presence, offering business and consumer lending, digital payments and e-commerce solutions to the underserved and unbanked.' Since 2012, Halan has served Pakistan's southern Sindh province with a range of financial services for micro, small, and medium-sized enterprises. The fintech has a network of 19 branches. Halan Microfinance Bank pledged a $10 million investment in 2025 to drive expansion across Pakistan, reinforcing its presence in the country's financial sector. MNT-Halan was founded in 2018 and serves over eight million customers, including over a million borrowers. It holds a significant market share of 25 percent in Egypt. The fintech initially started as a ride-hailing service but has since evolved into a digital financial services provider, offering a range of financial services through their app, including lending, payments, e-commerce, and more.
Zawya
02-06-2025
- Business
- Zawya
Egyptian startups secure $228mln in funding in 5 months
Arab Finance: Egypt's startup ecosystem has seen significant growth in attracting venture capital and debt financing, with investments reaching $228 million from January to May 2025, according to the Ministerial Group for Entrepreneurship. This represents a 130% increase over the same period in 2024. The group reported 16 deals executed during the first five months of the year, 11 of which involved investments totaling $156 million. Additionally, two startups, Nawy and MNT-Halan, secured substantial debt financing, receiving $23 million and $49 million, respectively. In addition to funding, Egypt's startup sector has seen notable exit and acquisition activity, including Dubizzle's acquisition of the online car trading platform Hatla2ee and MaxAB-Wasoko's acquisition of Fatora. The proptech sector led in terms of investment volume, contributing to 33% of total funding, while the fintech sector dominated in deal volume with five transactions, accounting for 32% of the total investment. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
