MNT-Halan, Egypt’s leading fintech company and the country’s first unicorn, has announced its entry into the UAE market as part of its ongoing regional expansion. The company will offer innovative and accessible financial solutions to underserved communities and businesses in the UAE through its financial super app.
The first offering from MNT-Halan in the UAE will be Halan Advance, a fast, secure, and user-friendly salary financing solution. This is just the beginning, with additional services from its ecosystem set to follow soon after.
MNT-Halan’s expansion into the UAE underscores its commitment to reshaping the financial landscape in the region, leveraging cutting-edge technology and a deep understanding of underbanked markets. The company will also ensure compliance with the Central Bank of the UAE (CBUAE) regulations as it rolls out its solutions.
The Egypt-based fintech company plans to introduce a range of products tailored to boost financial inclusion, improve cash flow management, and empower local economies. This marks the latest step in MNT-Halan’s expansion following its successful operations in Egypt, Türkiye, and Pakistan.
Mounir Nakhla, Chairman and CEO of MNT-Halan, stated, “The GCC is a powerful hub for financial innovation, and launching in the UAE is a significant milestone in our regional expansion. With a GDP exceeding $500 billion and a rapidly growing, diverse population, the UAE is a crucial market to advance financial inclusion and transform lives.”
Since establishing its presence in the UAE in April 2024, MNT-Halan has already secured partnerships with key employers and acquired over 40,000 customers. The company has ambitious growth plans, aiming to reach 250,000 customers by the end of 2025.
