MNT Halan, an Egyptian fintech company, is considering an initial public offering (IPO) on the Egyptian Stock Exchange and acquiring a digital banking license, according to its CEO, Mounir Nakhleh. The company aims to bolster its financing portfolio to a substantial $1 billion by the year’s end.

In a strategic move, MNT Halan has acquired 100% of Tam Finans, a Turkish micro-enterprise financing and factoring specialist with a dominant 40% market share. Nakhleh highlighted Tam Finans’ robust technological infrastructure, enabling it to disburse $50 million in monthly financing through its expansive network of 39 branches and 700 employees.

Since its inception in Turkey, Tam Finans has disbursed approximately $6 billion, amassing a current loan portfolio of $300 million. This acquisition is poised to significantly enhance MNT Halan’s financial capabilities in Egypt.

With the amalgamation of both companies, the combined financing portfolio currently stands at a substantial $900 million, projected to reach the billion-dollar mark by year’s end.

Established in 2018, MNT Halan has been at the forefront of revolutionizing financial services through technology. The company offers a comprehensive suite of financial solutions, including SME and consumer financing, prepaid cards, e-wallets, investment services, and e-commerce, accessible through its Halan app and extensive physical presence.

To date, MNT Halan has disbursed over $4.5 billion in financing, positively impacting the lives of more than 7 million customers in Egy