
Housing and Development Bank
26 El Kroum Street, Mohandessin, Giza, Al Qahirah, 11518, Egypt
Overview
Housing and Development Bank is a commercial bank that provides housing loans and other financial services in Egypt.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Banking
- Commercial Lending
- Financial Services
Investment portfolio
- MNT-Halan
Participated · Debt Financing · Feb 2023
Founded in 2018 by Mounir Nakhla, MNT-Halan is a fintech and non-bank financial services platform that provides digital lending, payments, e-wallets, investments, and e-commerce services. The company operates across Egypt, Türkiye, Pakistan, and the UAE. MNT-Halan has disbursed more than $15.5 billion in loans and served over 8 million customers globally. It has achieved unicorn status with a reported valuation of $1.4 billion following the recent strategic investment. The proceeds from the current investment are intended to support expansion in Egypt and to fund regional growth. The company continues to grow its footprint through additional funding rounds, with the current round still ongoing after this first closing.
Team
Fathy El-Sebai Mansour
Chairperson/Managing Director