| Founded | 2017 |
|---|---|
| Closed | 2023 |
| Country | Egypt |
| Sector | Fintech |
| Collapse type | Regulatory Kill |
| Founder | Mounir Nakhla |
Halan Microfinance
"Egypt's currency crisis turned Halan's microfinance book into unrecoverable losses."
Forced closure by regulatory action
Key Events Timeline
Halan's microfinance arm collapsed under the weight of Egypt's catastrophic currency devaluations in 2022-2023, which saw the Egyptian pound lose over 50% of its value.
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