MTI prepares for $1.4B Egyptian offering
Egyptian Fintech company MNT plans to immediately offer 20% of its shares on the Egyptian Stock Exchange in October 2026, with an estimated value of approximately $1.4 billion, making it one of the largest fintech IPOs in Egypt. The offering will include around 320 million shares, some of which are owned by top employees, and is targeting institutional and individual investors within Egypt. The company was founded in 2018 and was valued at around $1.4 billion in June 2026, after a funding round exceeding $70 million. It boasts a strong track record, with loans and financings reaching $6.1 billion and a growing customer base of 1.9 million. The company has expanded regionally into Pakistan and Turkey through acquisitions, benefiting from the ongoing growth of the Egyptian economy and capital markets, which further enhances its attractiveness to investors. The IPO is expected to support the expansion of fintech companies in Egypt.
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