Is MNT-Halan Egypt's biggest fintech company?

On a related note, MNT-Halan is Egypt’s only private billion-dollar company; payments giant Fawry achieved that valuation after going public in 2019 although it’s well off the mark now. “We are thrilled to be part of Egypt’s greatest fintech success story,” said Seif Fikry, CEO of Chimera Abu Dhabi, in a statement.

How did MNT-Halan secure $140 million?

The two securitizations, totaling $140 million, that MNT-Halan secured last yearare behind its impressive lending operations. The fintech’s wholly owned subsidiary, Tasaheel, managed to secure these funds locally via a securitization program with the Commercial International Bank (CIB), Egypt’s largest private sector bank.

Is MNT-Halan Egypt's largest lender to the unbanked?

CEO Mounir Nakhla, who founded the company with Ahmed Mohsen, said MNT-Halan continued where it left off and is presently Egypt’s largest lender to the unbanked: Total loans disbursed now exceed $2 billion per the company’s website (MNT-Halan issued loans north of $65 million last month).