Egypt’s first secured lending solution from a non-banking financial institution has been introduced by MNT-Halan, the leading and fastest-growing fintech platform in Egypt and the MENA region. With a fully digital experience on the Halan App, the new service allows users to access up to 80 per cent of their investments in funds instantly.
This is a significant turning point for Egypt’s non-banking industry, providing clients with liquidity without halting the expansion of their investments.
Customers can activate their credit limit and instantly access up to EGP 500,000 on their Halan Card through an end-to-end digital experience (eKYC) that includes onboarding, investing, and credit limit activation.
This allows them to continue earning returns on their investments. Compared to traditional credit facilities, the interest rates offered for the unlocked limit are substantially lower.
Customers approved via the Halan App or at any Halan booth can also take advantage of a 45-day interest-free and fee-free period on Halan Card transactions.
Commenting on the launch, Mounir Nakhla, Founder and CEO of MNT-Halan, said: “Many want to invest but hesitate because they’re unsure they can access their money when they need it.
“This launch removes that barrier, giving customers the ability to grow their investments and unlock instant credit digitally, when life demands it. It’s a simple solution that reflects how we build: around real lives, real needs, and real impact.”
MNT-Halan’s wider investment offering
The secured lending feature enhances MNT-Halan’s wider investment offering. Customers can invest in a variety of regulated financial products, such as gold funds, equity opportunity funds, and Sharia-compliant investment options, through the Halan App and a nationwide network of locations.
Halan Savings is a competitive and adaptable daily return product. The Egyptian Financial Regulatory Authority (FRA) fully regulates all offerings, reaffirming MNT-Halan’s dedication to safe, open, and easily accessible financial solutions.
MNT-Halan continues to expand its fully integrated financial ecosystem, offering lending, payments, savings, and investments through a single platform. It serves over 8 million customers and has 2 million active users every quarter.
The company is dedicated to promoting financial inclusion and economic growth in emerging markets and operates in Egypt, Turkey, Pakistan, and the United Arab Emirates.
About MNT-Halan
Egypt’s first unicorn, MNT-Halan, was established in 2018 with the goal of transforming financial services accessibility via technology in orderto lives.
Through the Halan app and its physical locations across the country, MNT-Halan offers consumer and business loans, prepaid cards, e-wallets, savings accounts, and e-commerce services. Since its founding, MNT-Halan has provided financial services to over 8 million clients worldwide, including both individuals and businesses.
The Central Bank of Egypt granted MNT-Halan the first independent electronic wallet license to distribute, collect, and transfer funds digitally through mobile applications. The Egyptian Financial Regulatory Authority also granted MNT-Halan micro, consumer, and nano finance licenses.
Among the numerous honours the company has received are the title of Most Innovative Fintech Company in the Middle East and Africa from Global Finance Magazine, two consecutive years of inclusion on the Financial Times’ list of Africa’s Fastest Growing Companies, and inclusion in Forbes Middle East’s “The Middle East’s Fintech 50.” The MFR Global Rating Agency has also awarded the Egyptian subsidiary a Bronze “Client Protection” Certificate (under the Cerise + SPTF framework).