MNT-Halan | Apis Partners

MNT-Halan

Invested September 2021. Partial exit February 2023

Profile

MNT-Halan, Egypt’s and MENA’s first fintech unicorn, was founded in 2018 with a mission to revolutionize access to financial services through technology. Offering a comprehensive range of services, MNT-Halan’s digital ecosystem includes business and consumer loans, payment solutions, the Halan Card and wallet, investment options, and an e-commerce platform. The Halan app currently has a customer base of over 2.4 million quarterly active users, which is nearly doubling year-over-year. Originating in Egypt, MNT-Halan is also operating across the region, including in Turkey, the UAE and Pakistan, with plans for further expansions.

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Fund

Apis Growth Fund II, Apis Growth Markets Fund III and Apis Global Growth Fund III

Headquarters

Cairo, Egypt

Region

Africa and Middle East

Sector

Lending

Sub-sector

Unsecured Lending

MNT-Halan will continue to expand its product offerings to tens of millions of customers in Egypt, the Middle East and Africa.

All of MNT-Halan’s business lines have scaled rapidly, including business and consumer lending, investments, payments, the Halan card and wallet, and ecommerce. But there are still enormous opportunities for growth. In every market it operates – Turkey, Pakistan, the UAE and its home market of Egypt – MNT-Halan is expanding product depth, growing the customer base, improving retention, and increasing the number of products per customer.

In a country where there is 90% mobile penetration and 70% of the population is under banked, MNT-Halan’s fintech ecosystem empowers microbusinesses, vendors and consumers by offering seamless and cost-efficient financial solutions through a consumer-facing app, merchant app and payment solutions all backed by Neuron (in-house developed core banking system). Users have a single interface to access all of their financial needs, thus simplifying their lives.

Mounir Nahkla, Founder and CEO, MNT-Halan

“Apis have been of great support since inception. They have given us enormous insights into markets with their experience in payments, technology, and emerging markets which remain extremely valuable to our continued growth and success.”

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