Mounir Nakhla is a true standout among entrepreneurs in Egypt and the wider region's FinTech scene. He's successfully built an innovative business model focused on bringing digital financial services to people who don't typically use banks, all thanks to technological advancements and the widespread use of smartphones. Today, Nakhla is the Founder and CEO of MNT-Halan, a company that's become one of the leading FinTech players across the Middle East and Africa. Mounir Nakhla's professional journey kicked off in investment and development. He worked at an investment firm that focused on development projects in emerging markets, which gave him an early understanding of the needs of those with limited access to financial services. In 2009, he helped launch Mashroey, a project that offered financing for tuk-tuks and motorcycles, specifically targeting workers in the informal economy. This experience was a pivotal moment, sparking his idea to broaden financial services for the unbanked. As his interest in microfinance grew, Nakhla founded Tas'heel for Microfinance in 2015. This company focused on supporting small and micro-enterprises by providing funding to groups who found it hard to get loans from traditional banks. This experience really solidified his expertise in the non-banking finance market and paved the way for him to develop a more comprehensive digital model for financial services.
Related editorial
MIS Teams Up with Saudi Fransi Capital to Power Up Saudi Arabia's Data Centers
MIS (Al Moammar Information Systems) and Saudi Fransi Capital are joining forces to explore building three major new data centers in Riyadh, Dammam, and Jeddah. MIS will handle the development, design, and management of these facilities, which aim to add a significant 48 megawatts of capacity to Saudi Arabia's digital infrastructure, supporting the nation's digital transformation goals.
REVYN Launches UAE's First Resale Platform with No Seller Fees
Get ready for REVYN, a new platform now live in the UAE on iOS and Android! It lets users easily buy and sell pre-owned items directly. What's really cool is that sellers pay absolutely no commission, making it the first model of its kind in the UAE market and a big win for sustainable living.
Paymob and UnionPay Team Up to Expand Digital Payments Across Egypt, Boosting Global Connections
Exciting news for Egypt's digital payment landscape! Paymob and UnionPay have joined forces to significantly expand UnionPay card acceptance at over 160,000 locations across the country. This fantastic partnership is set to make cross-border payments smoother, giving a big boost to tourism and digital commerce in Egypt.
FRA Dispels Rumors: Non-Banking Financial Companies' Branches Remain Open
The Financial Regulatory Authority (FRA) has debunked recent social media rumors claiming the closure of non-banking financial company branches. The FRA clarified that the decision being circulated is an old one, dating back to October 2025, and specifically does not apply to the non-banking financial companies mentioned in the rumors. The authority assures the public that the sector is operating as usual.