MNT-Halan raises $82M in debt as loan book nears $1B
What's the deal? Egyptian fintech MNT-Halan has closed a series of securitised bond issuances totalling 4bn Egyptian pounds ($82 million), bolstering its balance sheet as its active loan book approaches $1bn.
The details: The Cairo-based group issued three tranches through its subsidiaries Halan Consumer FinanceDealroom has a profile for this one. Try Dealroom → and Tasheel FinanceDealroom has a profile for this one. Try Dealroom →. Tasheel raised two tranches of $24.6 million and $46.8 million; Halan Consumer Finance issued one of $10.8 million. All carry 13-month maturities and an 'A-' rating from Middle East Credit Rating and Investor Services.
Why now? The debt funds lending amid high domestic interest rates and inflation squeezing household incomes. Structured debt lets Egyptian non-bank lenders offload portfolios, free up regulatory capital, and stay independent of commercial bank credit lines.
The scale: As of June 30, 2026, MNT-Halan reported an active loan portfolio of 46.7bn pounds ($947 million) and cumulative disbursements of 178bn pounds ($6.1bn) since launch. It served about 1.9 million borrowers and has issued 1.4 million payment cards since October 2023.
What's the endgame? The company held a 24.3% share of Egypt's non-bank microfinance market and 14% of non-bank consumer finance disbursements by the end of December 2025, making it the country's largest non-bank micro-lender. It runs 1,200 distribution points across 25 governorates and is preparing an initial public offering on the Egyptian ExchangeDealroom has a profile for this one. Try Dealroom →, where it intends to list up to 20% of its shares.
What could go wrong? Egypt's Financial Regulatory Authority has tightened oversight of capital adequacy, anti-money-laundering compliance, and consumer lending. Micro-lending also remains tied to rural commerce, with agricultural loans making up more than 25.6% of sector balances in the second quarter of 2026.
The signal: Securitised issuances have become the go-to capital tool for Egyptian non-bank financial institutions. Rivals such as EFG HermesDealroom has a profile for this one. Try Dealroom →-backed Valu have deployed similar structures to fund growth, signalling a maturing private credit market feeding the region's consumer and SME demand.
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Image credit: MNT-Halan
