Egypt’s first fintech unicorn, MNT-Halan, is reportedly exploring an initial public offering (IPO) that could value the company’s Egyptian operations at between $900 million and $1 billion, positioning it as one of the country’s most significant technology listings to date. The move could also elevate founder and CEO Mounir Nakhla among Egypt’s most prominent tech entrepreneurs. 

Founded in 2018, MNT-Halan has developed into one of the Middle East and North Africa’s leading digital financial services platforms. Through its super app, the company offers unsecured consumer lending, buy-now-pay-later solutions, digital payments, e-commerce services, savings products, and financing for merchants and small businesses. Its technology-driven credit scoring system enables access to financial services for millions of underserved consumers who have limited relationships with traditional banks. 

A Potential Milestone for Egypt’s Fintech Sector

The company is reportedly working with financial advisors, including Citigroup and EFG Hermes, as it evaluates a potential listing on the Egyptian Exchange (EGX). While no final decision has been announced, the IPO discussions reflect growing confidence in Egypt’s fintech ecosystem and increasing investor appetite for technology-driven financial services businesses. 

MNT-Halan achieved unicorn status in 2023 and recently secured additional investment that reportedly lifted its overall valuation to approximately $1.4 billion across its regional operations. The company has expanded beyond Egypt into markets including Türkiye, the United Arab Emirates, and Pakistan through a combination of acquisitions and organic growth initiatives. 

The potential listing arrives as Egypt’s capital markets seek to attract more growth-stage technology companies. Industry observers believe a successful MNT-Halan IPO could encourage other private technology firms to consider public market listings, further strengthening Egypt’s position as an emerging fintech hub in the region. 

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