• Home
• Fin tech

Egyptian digital lending and payments platform MNT-Halan has secured $76.5 million through two separate loan securitization transactions, providing fresh funding to expand its lending operations and serve more customers across Egypt.

In a statement dated October 6, 2026, the fintech company said the transactions involved securitizing consumer and microenterprise loan portfolios. The deals allow the company to convert existing loan assets into funding that can be used to issue new credit, without diluting existing shareholders’ ownership stakes.

Two Transactions Backed by Different Loan Portfolios

The larger transaction raised $58.5 million and was backed by a portfolio of consumer loans. The second deal generated $18 million, secured by loans extended to microenterprises.

MNT-Halan said the proceeds would support its growth strategy and help it reach more customers in underserved segments of the Egyptian market, where access to traditional banking services remains limited.

Expanding Digital Financial Services in Egypt

MNT-Halan, which achieved unicorn status in 2023, has developed an integrated digital platform combining lending, payments, and e-commerce services. Millions of Egyptians use its services, including customers who have limited access to conventional banking products.

Securitization has become an increasingly important funding mechanism for African fintech companies seeking to expand lending without issuing additional equity. The process involves pooling financial assets and selling securities backed by the underlying assets to investors.

Mounir Nakhla, CEO of MNT-Halan, described the transactions as a milestone in the company’s funding strategy.

“This successful securitization confirms the strength of our credit models and the quality of our assets,” Nakhla said in a statement.

The company added that a consortium of local financial institutions arranged the transactions, but did not disclose the names of the participating investors.

Structured Finance Gains Momentum Across African Fintech

Egypt’s fintech sector has expanded in recent years, supported by widespread mobile phone adoption and significant demand for financial services among underserved populations.

While MNT-Halan’s latest transactions focus on debt-backed funding, other fintech companies have pursued equity financing to support expansion. Egyptian payments company Paymob, for example, announced a $35 million funding round in early 2026 to support its growth across the Middle East and North Africa.

Analysts view the growing use of structured financing instruments, including securitization, as a sign of the African fintech sector’s increasing maturity. Companies with established, income-generating loan portfolios can use these instruments to access larger pools of institutional capital rather than relying exclusively on venture capital funding rounds.

This approach may be particularly relevant in markets such as Egypt, where currency fluctuations and macroeconomic pressures can complicate fundraising in US dollars.

Funding to Support Lending Growth

MNT-Halan is expected to channel the proceeds from the two transactions into its core lending operations. The company provides small loans to consumers and microenterprises, a segment that traditional banks often underserve.

By recycling capital through securitization, digital lenders can potentially expand their loan portfolios without increasing their balance-sheet exposure at the same rate. Similar funding models are used by established digital lending companies in other emerging markets.

Regulatory Developments and Future Opportunities

Securitization frameworks are still evolving in several African markets, including Egypt. The completion of MNT-Halan’s transactions points to growing interest from investors and financial institutions in this type of asset-backed financing, provided the underlying loan portfolios meet the required quality standards.

The deals could also create a reference point for other digital lenders in the region seeking more sustainable and scalable funding channels to support their expansion.