Egypt’s MNT-Halan Raises USD 41.3 M In New Securitisation To Fund Consumer Loans

MNT-Halan’s consumer lending arm, Hala Consumer Finance, has raised EGP 2.214 B (USD 41.3 M) via a securitisation bond, its fifth issuance under a broader EGP 11.5 B programme approved by Egypt’s regulator.

The deal provides immediate liquidity to fund new loans without equity dilution. Founded in 2018 by Mounir Nakhla, MNT-Halan has evolved from a ride-hailing startup into Egypt’s largest non-bank lender serving unbanked and underbanked users.

Securitisation, involving bundling loan receivables into tradable bonds, has become its core funding engine, supporting rapid credit expansion. The strategy helped the company reach unicorn status in 2023 and reflects a broader trend among regional fintechs leveraging debt markets for scalable, repeatable funding.