MNT-Halan Aims for USD 5B Financing Surge and Eyes IPO by 2026

MNT‑Halan is setting its sights high for 2026, with plans to lift its financing portfolio to somewhere between USD 4.5 and 5 billion. That’s roughly a 40% jump from what the company expects to close this year with, around USD 3.5 billion. I remember chatting with a young founder at an Arageek event last year who told me that in Egypt’s fintech scene, “if you’re not growing fast, you’re basically standing still.” This move from MNT‑Halan feels spot on in that context.

According to comments shared by its founder and CEO, Mounir Nakhla, the company is gearing up for stronger demand for credit as Egypt moves into what many expect to be a monetary easing cycle. Much of the growth is set to come from consumer financing and lending, and the team seems confident that tech-driven tools will help them scale without too much of a faff. Founded back in 2017 by Nakhla and Ahmed Mohsen, the company has built a broad suite of services—from business loans to e-wallets and even e-commerce—delivered through the Halan app as well as a sizeable on‑ground presence.

There’s also early talk of an IPO. Nakhla mentioned that a regional listing could be on the cards within the next 12–18 months. And believe it or not, the long-term ambition is even bolder: the company is eyeing decacorn status within five to seven years. I reckon that’s a tough climb, but not entirely out of reach given the pace at which fintechs in emerging markets are reshaping access to money.

On the flip side, MNT‑Halan isn’t only thinking about digital finance. Its recently launched real estate fund is already in discussions with major developers to add commercial buildings to its portfolio. The first issuance comes with EGP 250 million in capital, with the wider fund targeting EGP 2 billion. It’s a notable pivot into hard assets at a time when many investors in the region are diversifying in search of stability.

Debt instruments are another big piece of the puzzle. The company is preparing a hefty pipeline of sukuk, securitised bonds, and green bonds worth EGP 40–50 billion next year—quite a leap after issuing more than EGP 15 billion in 2025. Early 2026 alone is expected to bring about EGP 9 billion in sukuk, more than doubling what they issued the previous year. Part of me wonders how all this will play out if market sentiment wobbles, but then again… that’s the nature of the game.

For startups watching from across the MENA region, moves like these can be both inspiring and, well… a little intimidating. But they show what’s possible when financing, tech, and timing all line up—even if the journey is definately never a straight line.

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