{"id":542651,"date":"2022-01-10T04:04:13","date_gmt":"2022-01-10T04:04:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/10\/mnt-halan-wants-to-tap-new-markets-in-2022\/"},"modified":"2022-01-10T04:04:13","modified_gmt":"2022-01-10T04:04:13","slug":"mnt-halan-wants-to-tap-new-markets-in-2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/10\/mnt-halan-wants-to-tap-new-markets-in-2022\/","title":{"rendered":"MNT-Halan wants to tap new markets in 2022"},"content":{"rendered":"

<\/a> MNT-Halan is looking at cross-border expansion this year<\/strong>, with plans to tap markets where \u201cthere are large unbanked populations that need serving,\u201d CEO and co-founder Mounir Nakhla told the Banker<\/a> magazine. The fintech firm \u2014 which last year raised USD 120 mn<\/a> in what remains the region\u2019s largest-ever fintech round \u2014 is looking at \u201cseveral\u201d countries in Africa and elsewhere, according to Nakhla.<\/p>\n

The firm could also look to grow its service menu in Egypt<\/strong> in the short-term to include cards and supply chain financing, Nakhla said. The company currently offers buy-now-pay-later (BNPL) loans, microfinance solutions, P2P transfers, bill payments, and remittances through its recently-launched<\/a> core banking system, Neuron.<\/p>\n

The new banking software is off to a solid start:<\/strong> \u201cThe current monthly throughput via Neuron [the company\u2019s in-house core banking software] is over USD 125 mn,\u201d Nakhla said, including USD 15 mn processed on the consumer-facing app. \u201cOne of our most successful use cases is P2P transfers, which have been gaining tremendous traction, with double and sometimes triple month-on-month growth rates.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

MNT-Halan is looking at cross-border expansion this year, with plans to tap markets where \u201cthere are large unbanked populations that need serving,\u201d CEO and co-founder Mounir Nakhla told the Banker magazine. The fintech firm \u2014 which last year raised USD 120 mn in what remains the region\u2019s largest-ever fintech round \u2014 is looking at \u201cseveral\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":542652,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[72,290,183,311,310,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-financial-inclusion","tag-fintech","tag-microfinance","tag-mnt-halan","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"0191132f-ae68-4175-a468-c2fede1816d6","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/104.jpg","photo_position":"above","related_issue":[542645],"teaser":"","voice_url":""},"yoast_head":"\nMNT-Halan wants to tap new markets in 2022 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/10\/mnt-halan-wants-to-tap-new-markets-in-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MNT-Halan wants to tap new markets in 2022\" \/>\n<meta property=\"og:description\" content=\"MNT-Halan is looking at cross-border expansion this year, with plans to tap markets where \u201cthere are large unbanked populations that need serving,\u201d CEO and co-founder Mounir Nakhla told the Banker magazine. The fintech firm \u2014 which last year raised USD 120 mn in what remains the region\u2019s largest-ever fintech round \u2014 is looking at \u201cseveral\u201d […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/10\/mnt-halan-wants-to-tap-new-markets-in-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-10T04:04:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/104.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/10\/mnt-halan-wants-to-tap-new-markets-in-2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/10\/mnt-halan-wants-to-tap-new-markets-in-2022\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"MNT-Halan wants to tap new markets in 2022\",\"datePublished\":\"2022-01-10T04:04:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/10\/mnt-halan-wants-to-tap-new-markets-in-2022\/\"},\"wordCount\":177,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/10\/mnt-halan-wants-to-tap-new-markets-in-2022\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/104.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"financial inclusion\",\"Fintech\",\"microfinance\",\"MNT-Halan\",\"Startup watch\",\"startups\"],\"articleSection\":[\"Startup watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/10\/mnt-halan-wants-to-tap-new-markets-in-2022\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/10\/mnt-halan-wants-to-tap-new-markets-in-2022\/\",\"name\":\"MNT-Halan wants to tap new markets in 2022 - 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undisclosed amount, according to a statement (pdf).About Talabeyah: Launched in January 2020 by Karim Nassef (LinkedIn), Amr Abbas (LinkedIn), and Khaled Hussein (LinkedIn), the company provides next-day delivery to small merchants and retailers,\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/286.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":635214,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/28\/fintech-leader-mnt-halan-expands-into-turkey-with-acquisition-of-tam-finans\/","url_meta":{"origin":542651,"position":1},"title":"Fintech leader MNT-Halan expands into Turkey with acquisition of Tam Finans","author":"enterpriseam admin","date":"28 July 2024","format":false,"excerpt":"The purchase follows a USD 157.7 mn funding round","rel":"","context":"In "M&A 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Backed by Halan\u2019s recently-launched Neuron core banking system, the BNPL service allows customers to pay using credit on purchases made through the Halan app or direct from vendors, whether online or in a physical\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":633771,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/21\/mnt-halan-raises-usd-157-7-mn-from-international-investors\/","url_meta":{"origin":542651,"position":3},"title":"MNT-Halan raises USD 157.7 mn from international investors","author":"enterpriseam admin","date":"21 July 2024","format":false,"excerpt":"The funding round saw participation from the IFC, DPI and Lorax Capital Partners","rel":"","context":"In "Fintech"","block_context":{"text":"Fintech","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/fintech\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1524.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":636337,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/30\/mnt-halan-wants-to-go-global\/","url_meta":{"origin":542651,"position":4},"title":"MNT-Halan wants to go global","author":"enterpriseam admin","date":"30 July 2024","format":false,"excerpt":"The company last week stepped into the Turkish market","rel":"","context":"In "Fintech"","block_context":{"text":"Fintech","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/fintech\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2376.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557186,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/09\/mnt-halan-announces-blockbuster-usd-120-mn-fintech-round\/","url_meta":{"origin":542651,"position":5},"title":"MNT-Halan announces blockbuster USD 120 mn fintech round","author":"enterpriseam admin","date":"9 September 2021","format":false,"excerpt":"MNT-Halan has closed what we believe is the largest fintech round ever to take place in MENA, raising c. 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