Egyptian fintech unicorn MNT-Halan has secured $71.4 million through its seventh securitized bond issuance, reinforcing its strategy of leveraging debt markets to finance rapid lending growth across its expanding ecosystem.
The issuance forms part of a three-year, $168 million securitization program approved by Egypt’s Financial Regulatory Authority (FRA) and jointly managed by Commercial International Bank (CIB) and CI Capital.
Since its founding in 2018, MNT-Halan has evolved from a mobility startup into Egypt’s largest lender to the unbanked, offering a comprehensive digital platform that connects individuals, merchants, and micro-enterprises. Its ecosystem integrates micro and small business lending, digital payments, consumer finance, and e-commerce solutions, all within a single “super app.”
Securitization has become the cornerstone of MNT-Halan’s growth model, enabling the company to transform its loan receivables into fresh capital while avoiding equity dilution. The latest bond, offered in five tranches with maturities ranging from six to 36 months, was rated by MERIS (Middle East Rating and Investor Services) to attract a diversified investor base.
This milestone follows earlier funding rounds, including $49 million in bonds issued in May 2025 and $157.5 million raised in July 2024. Previously, MNT-Halan also secured $200 million in equity and $140 million in debt in 2023, reaching a valuation surpassing $1 billion and cementing its unicorn status.
According to Amr El Ganainy, Deputy CEO of CIB, the deal underscores the bank’s continued commitment to strengthening Egypt’s consumer finance and fintech sectors, which he described as key enablers of economic growth.
While MNT-Halan’s model has proven highly successful, it also depends heavily on a healthy credit market and consistent borrower performance—a high-stakes formula that, for now, continues to deliver impressive results.
