# MNT-Halan Expects AI Spending to Surpass $10 Million by 2027, Leasing GPUs

> MNT-Halan expects AI spending to pass $10 million by 2027, mostly on leased GPUs, after its Egyptian Exchange listing drew 43.6x retail oversubscription.

- Published: 2026-10-22T12:50:27+00:00
- Section: Expansion
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-22/mnt-halan-ai-spending-gpu-leasing
- Source: [Startup Researcher](https://www.startupresearcher.com/news/mnt-halan-to-surpass-usd10-million-in-ai-spending-by-2027)

## Key takeaways

- MNT-Halan expects its artificial intelligence spending to surpass $10 million by 2027, up from an initial allocation of around $10 million.
- Most of the technology spending will go toward leasing GPUs rather than buying them, Co-Founder and Chief Technology Officer Ahmed Mohsen told Al Borsa.
- The plan follows MNT-Halan's listing on the Egyptian Exchange under the ticker HALN.CA, where the public tranche was oversubscribed 43.6 times.

[MNT-Halan](https://akta.pro/company-profiles/0003emz/mnt-halan) expects its artificial intelligence spending to surpass $10 million by 2027, with most of the funds directed toward leasing GPUs, the company said. The Egyptian fintech unicorn had initially allocated around $10 million to AI, and current projections put spending above that figure as integration deepens, according to [Startup Researcher](https://www.startupresearcher.com/news/mnt-halan-to-surpass-usd10-million-in-ai-spending-by-2027).

## Ahmed Mohsen Sets Out the GPU Leasing Plan

Ahmed Mohsen, MNT-Halan's Co-Founder and Chief Technology Officer, told Al Borsa that the company originally earmarked around $10 million for artificial intelligence, and that current estimates indicate spending will surpass this amount as early as 2027. "The company originally earmarked around US$10 million for artificial intelligence," Mohsen said, according to the account of his remarks.

MNT-Halan plans to direct most of its technology spending toward leasing graphics processing units rather than purchasing them. Leasing gives the company access to high-performance computing power for developing and running AI solutions without tying up capital in hardware ownership, and it allows computing capacity to be adjusted as the AI portfolio expands.

The company expects the investments to generate operational returns by reducing workloads and improving efficiency. Those improvements could let MNT-Halan handle significantly higher business volumes without a proportional increase in costs or operational demands.

The investment plan follows MNT-Halan's listing on the [Egyptian Exchange](https://akta.pro/company-profiles/0004xd6/egyptian-exchange) under the ticker symbol HALN.CA. The public tranche was oversubscribed 43.6 times and drew more than 41,500 subscription orders, while the private tranche recorded oversubscription of 11.2 times and 19.4 times, excluding cornerstone investors. The offering covered 320 million ordinary shares representing 20% of issued share capital.

## MNT-Halan's Funding and Scale Records

MNT-Halan is a Cairo-headquartered digital lender and payments platform serving unbanked and underbanked populations across Egypt, Turkey, Pakistan, and the UAE with microfinance, SME loans, BNPL, and a digital wallet, according to akta.pro [company records](https://akta.pro/company-data). The same records put its total funding at $788.7 million, with the last round dated June 8, 2026, and its valuation estimate between $1 billion and $5 billion.

MNT-Halan serves more than 8 million customers and has disbursed over $11 billion in loans since inception, including $2.2 billion in 2024 alone, the same records show. Its June 2026 private equity round was led by Al Ahly Capital Holding, and it has eight funding rounds on record.

## How MNT-Halan Reached the Egyptian Exchange

In June 2026, MNT-Halan was reportedly considering an initial public offering on the Egyptian Exchange, working with Citigroup Inc. and EFG Hermes as advisors, with preliminary investor meetings already held, according to WAYA. In September 2026, the EGX granted a temporary listing to MNT Tech Holding, parent of MNT-Halan, with a six-month clock to complete the offering, according to Tech In Africa. The Egyptian unit was pitched at $900 million to $1 billion, while the company's overall valuation was $1.4 billion in June, the same outlet reported.

## What to Watch in 2027

The milestone stated in the plan is whether MNT-Halan's AI spending exceeds its initial $10 million allocation in 2027. The company also plans to balance GPU leasing costs against the efficiency gains generated by AI applications.

## Companies in this story

- [MNT-Halan company profile](https://akta.pro/company-profiles/0003emz/mnt-halan) · website: https://www.mnt-halan.com
- [Egyptian Exchange company profile](https://akta.pro/company-profiles/0004xd6/egyptian-exchange) · website: https://egx.com.eg

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