Egyptian Fintech Invests $10M in Pakistan, Planning 100 Branches

MNT-Halan, a leading Egyptian fintech, is investing $10 million into Pakistan and planning to set up a 100 new branches of their microfinance bank by the year’s end, aiming to bring financial services to the country’s massive unbanked population.

MNT-Halan started as a ride-hailing service in 2017 but quickly turned to fintech after a 2018 share swap. Fast forward to 2024, they snapped up Advans Pakistan Microfinance Bank and are now operating through 19 branches in Sindh. But that’s just the beginning.

Founder Mounir Nakhla says they’re all-in on digital transformation and SME lending. They offer mobile wallets, debit and credit cards, BNPL e-commerce, and even Shariah-compliant loans. The numbers speak for themselves—Pakistan has a $33 billion cash economy, and formal lending barely scratches the surface.

Their AI-powered Neuron Core Banking System speeds up credit decisions and enhances fraud detection. And soon, they’ll launch the Halan super app, putting seamless lending in every user’s pocket.

Bottom line: They’re not just expanding; they’re aiming to redefine how Pakistan handles money—one digital transaction at a time.