MNT-Halan Raises $130 mln in Securitisation

From success to success !

MNT-Halan, Egypt’s first fintech unicorn, led by Endeavor Egypt Entrepreneur & Board Member, Mounir Nakhla raised $130M through securitization 🚀
This reflects the company’s growing stature and investor confidence in its operations.

Managed by CI Capital, the recent $130 million is part of a bond issuance series that has attracted significant investment, reaffirming MNT-Halan’s valuation of over $1 billion and supporting its expansion plans. The company aims to raise an additional $150 million by the end of the year.

MNT-Halan’s success with bond issues is attributed to the strength of its business operations, the quality of its loan portfolio, and its repayment performance. Mounir Nakhla, the CEO, has highlighted the strong market demand for their funding methods as the company progresses. The loan portfolio is currently growing at a monthly rate of 4-5%.

The company’s bond issuances have been rated highly by MERIS, with short-term bonds receiving a Prime 1 rating and long-term bonds rated from A to A+. This endorsement has attracted a variety of regional and local financial institutions to MNT-Halan’s offerings, including CIB, CI Capital, Al Ahli Bank of Kuwait, Al Baraka Bank, Arab African International Bank, and Arab African Investment Management.

As MNT-Halan expands its digital financial services in Egypt, it serves as an example of innovation and financial inclusion in the region. Its plans for growth and new digital product launches are anticipated to influence the financial sector not only in Egypt but also in the broader Middle East.

The funding rounds MNT-Halan has completed demonstrate the potential and growth within Egypt’s fintech sector, highlighting the significant opportunities for digital innovation in finance in emerging markets.