Halan's vision is to digitally serve underserved and underbanked communities, addressing the need in Egypt where seventy percent of the population lacks access to banking services by providing these communities with access to capital and essential financial services. In 2024, as a result of its success in Egypt, MNT-Halan expanded into Turkiye, UAE and Pakistan, establishing itself as a regional leader in financial services.
Cyborg Score Rationale
Halan raised a total of $829.39M, with USD 120 million in equity in 2021 and an additional USD 400 million in 2023. The company has been featured on the Financial Times' list of Africa's Fastest Growing Companies for three consecutive years and recognized with Global Finance Magazine's Most Innovative Financial Technology Company award.
Top Insights
Halan has over 1.5 million quarterly active users and served more than 7 million customers in Egypt, of which 5 million are financial clients and 2.5 million are borrowers
Halan developed Neuron – the first and only proprietary core banking software in the Middle East and Africa
In 2023, the company issued the Halan Card, and since then has issued over one million cards to Egyptian customers, significantly expanding access to credit
Halan expanded its footprint into Pakistan following its acquisition of Advance Microfinance Bank, which provided an existing license and rapid route into South Asia's fastest-growing microfinance sectors
Named Competitors
Tamara — Buy now, pay later fintech services
Tabby — Buy now, pay later services provider
Khazna — Digital financial services and salary advances
Spotii — Financial services and lending platform
Recent Developments
(July 2024) Acquired Turkey's Tam Finans—gaining a 40% share of that micro-leasing market and enabling regional expansion
(2024) Expanded into Turkiye, UAE and Pakistan, establishing itself as a regional leader in financial services
(March 2025) Launched revolutionary financial super app with major Ramadan advertising campaign
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