We have another incredible milestone to celebrate from within our community. MNT-Halan, one of Egypt's most prominent fintech companies and a valued tenant of ours, has officially reached a $1.4 billion valuation following a landmark investment round led by Al Ahly Capital, the investment arm of the National Bank of Egypt.

A Historic First

What makes this round especially significant isn't just the valuation. This marks the first time a commercial bank has taken an equity stake in MNT-Halan's journey, a milestone that Mounir Nakhla, founder and CEO of MNT-Halan, described as a "powerful vote of confidence."

"While we have partnered with more than 30 Egyptian banks and financial institutions, this is the first time a commercial bank has become an equity partner in our journey, making this a particularly important milestone for us," said Nakhla.

The round represents the first closing, with a second closing still expected as part of the ongoing raise. All necessary regulatory approvals have been secured.

What This Investment Signals

This deal is more than a funding round, it represents a broader shift in Egypt's financial landscape. The investment highlights the growing convergence between traditional banking institutions and fintech platforms, underpinned by regulatory support aimed at accelerating digital transformation and expanding access to financial services across the country.

For Al Ahly Capital and the National Bank of Egypt, backing MNT-Halan at this stage signals strong institutional confidence in Egypt's fintech sector and its potential for regional and international growth.

What's Next

Proceeds from this round will be deployed primarily to scale operations in Egypt, while also fuelling MNT-Halan's regional ambitions across the UAE, Türkiye, Pakistan, and the broader GCC. New Gulf markets are firmly in their sights.

Proud to Be Part of This Story

At WRK+, we've had a front-row seat to MNT-Halan's journey, and moments like this remind us why we do what we do. Watching a tenant grow into a billion-dollar company is exactly the kind of milestone we celebrate.

Congratulations to Mounir Nakhla and the entire MNT-Halan team. Egypt's fintech ecosystem is on the world map, and you're a big reason why.