Egyptian fintech giant MNT-Halan has unveiled plans to expand its presence in Pakistan by opening 100 new branches, supported by an additional $10 million investment.
Halan Microfinance Bank, which provides mobile wallets, debit and credit card services, and a Buy Now, Pay Later (BNPL) e-commerce platform, currently serves micro, small, and medium-sized enterprises across Sindh.
MNT-Halan’s founder and CEO, Mounir Nakhla, highlighted the company’s rapid growth strategy in an interview with Arab News, emphasizing its goal of addressing Pakistan’s large unbanked population and predominantly cash-based economy. He further stated that by the end of 2025, the company aims to invest $10 million to accelerate local expansion, enhance digital transformation, and introduce innovative financial products.
The company’s ambitious plans include launching 100 new branches and business units, reaching 200,000 customers, and expanding its loan portfolio to $500 million within the next five years.
Founded in 2017 by Mounir Nakhla and Ahmed Mohsen, MNT-Halan initially operated as a ride-hailing service before transforming into a full-scale fintech firm following a merger between Halan and MNT in 2018.
