MNT-Halan Acquires Pakistan’s Advans Microfinance Bank

Egypt-based fintech MNT-Halan has acquired Advans Pakistan Microfinance Bank. The terms of the deal remain undisclosed. In February 2023, MNT-Halan raised up to USD 400 M in equity and debt financing to fuel global expansion plans.

Founded in 2017 by Mounir Nakhla, MNT-Halan offers a diverse portfolio of financial and non-financial services ranging from lending, buy now pay later, e-commerce, payments, and mobility to on-demand logistics. On the other hand, Advans is a public limited company active in Pakistan’s microfinance banking landscape. Advans Pakistan is the Pakistan branch of Advans Group, a leading international microfinance group that operates in nine developing countries.