MNT-Halan
Egypt's lending super-app unicorn.
- Who holds it
- The company itself — it holds a full banking licence — Microfinance and consumer finance licenses (FRA, Egypt); e-payments arm licensed by CBE.
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from MNT-Halan’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · underbanked |
| AI | AI underwriting in production |
| HQ | Cairo, EG |
| Founded | 2018 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Microfinance and consumer finance licenses (FRA, Egypt); e-payments arm licensed by CBE |
| Card | No card |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Africa |
| Founders | Mounir Nakhla, Ahmed Mohsen |
| Funding | ~$600M+ incl. debt; unicorn |
Verified links: official site ↗
Common questions about MNT-Halan
What is MNT-Halan?
MNT-Halan is a fiat neobank built for underbanked, headquartered in Cairo, EG and founded in 2018. Your money is held custodially, so MNT-Halan or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Microfinance and consumer finance licenses (FRA, Egypt); e-payments arm licensed by CBE).
Does MNT-Halan have a card, and where can you use it?
It issues no card of its own. It is available in Africa.
Does MNT-Halan require KYC?
Yes. MNT-Halan requires identity verification (KYC) to open an account, as a licensed bank.
Head-to-head
Peers
Wise · TymeBank · OPay · PalmPay · Bank Zero · Discovery Bank
MNT-Halan appears in
Neobanks that hold their own banking license (132) · Neobanks available in Africa (92) · Neobanks built for the underbanked (23) · Neobanks with no card of their own (67)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.