MNT-Halan Adds $41.3M Securitization For Egyptian Lending

🇪🇬 MNT-Halan is Moving!

• MNT-Halan is an Egyptian fintech that provides digital banking and loans.

• They just pulled in $41.3 million through a securitized bond issuance to keep their momentum going.

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🏦 Reaching the Unreached

• In Egypt, traditional banks often skip over low-income earners and small businesses.

• These groups usually lack the formal credit history or collateral that big banks demand.

• MNT-Halan fills this gap and gives millions of people a way to join the digital economy.

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📈 Serious Scale

• The platform offers various types of business and consumer ledning, from BNLP, SME ledning to light-vehicle finance.

• Users can also do all sorts of payment and commerce use cases related to online payment.

• Their financial card has exceeded 1.2 million, with 70,000 to 120,000 new cards issued each month.

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💰 What’s in the Works

• MNT-Halan is a rare case of a profitable unicorn operating in the African tech space.

• Securitization in this tranche amplifies their success, reaching more people in the region onto using their platform.

• They plan to launch new products soon, including real estate investment.