A unicorn is a startup marked at USD 1 Billion or more. These are highly innovative and market disruptive startups. Egypt has more than 11.3K+ startups. Of these, 2 have become Unicorns, with the latest entrant to the club being MNT Halan on Feb 03, 2023. In 2026, Egypt has seen no new unicorn startups.
Globally, Egypt is number 44 in terms of total Unicorns created, behind Czech Republic (2 unicorns) at rank 43 and Chile (2 unicorns) at rank 42. Cairo leads the list of cities in Egypt with most unicorns at 1. It is followed by Giza (1 unicorn). Among sectors, Transportation and Logistics Tech has seen the most unicorns created at 1, followed by Consumer at 1, and Environment Tech at 1
Here is a list of all 2 unicorns created in Egypt:
2. MNT Halan
MNT Halan joined the Unicorn Club on Feb 03, 2023
Provider of lending, payment, and e-commerce solutions for underserved markets. The company offers business and consumer lending, including microfinance, SME lending, and nano loans. It provides buy now pay later options, payroll lending, and light-vehicle finance. Digital payment solutions include loan disbursement and collection, peer-to-peer transfers, and virtual card numbers. The company also facilitates bill payments, cash in/out services, and payroll disbursement. It operates an e-commerce platform for home appliances and FMCG products.
Key facts about MNT Halan
- Founded Year: 2017
- Location: Giza (Egypt)
- Stage: Series E
- Primary Sector: Alternative Lending
- Time to Unicorn: 6 years 1 month
- Top investors : Apis Partners, Chimera
- Valuation: $*****
- Total Funding till date: $668M
- Employee Count: 1,623 as on Jun 30, 2026
- Latest Funding Round: Series E, Jun 10, 2026, $*****
1. Swvl
Swvl joined the Unicorn Club on Aug 01, 2021 after raising a Undisclosed Post IPO funding round, valuing it at $1.5B.
App-based platform for shuttle services. It offers a platform where users can book buses and vans which can be shared by users going the same routes. It offers features like real-time tracking, variant payment options, etc. It also extends its services for businesses. The mobile app is available for iOS and Android devices.
Key facts about Swvl
- Founded Year: 2017
- Location: Cairo (Egypt)
- Stage: Public
- Primary Sector: Road Transport Tech
- Time to Unicorn: 4 years 7 months
- Top investors : Chimera, MSA Capital
- Total Funding till date: $100M
- Employee Count: 601 as on Jun 30, 2026
- Latest Funding Round: Post IPO, Feb 07, 2025, $*****
