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Leading Egyptian fintech company MNT-Halan has announced plans to open 100 new branches in Pakistan, backed by an additional investment of $10 million.
Halan Microfinance Bank, which offers services such as mobile wallets, debit and credit cards, and a Buy Now, Pay Later e-commerce platform, currently caters to micro, small, and medium-sized enterprises in Sindh.
“We are rapidly scaling operations in Pakistan to address the country’s large unbanked population and cash-driven economy,” Mounir Nakhla, the founder and CEO of MNT-Halan, was quoted as saying in an Arab News interview.
He added that by the end of 2025, the company aims to increase its investments to $10 million to support local expansion, digital transformation, and product innovation.
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“We plan to open 100 new branches and business units, serve 200,000 customers, and grow our loan book to $500 million within five years,” Nakhla stated.
MNT-Halan, founded in 2017 by Mounir Nakhla and Ahmed Mohsen, initially started as a ride-hailing platform before evolving into a comprehensive fintech organization after a share swap between Halan and MNT in 2018.
