• Egypt’s fintech company MNT-Halan has extended its super app services to the UAE market.
• The UAE has long been a strategic priority for MNT-Halan, according to the company’s statement, given its vibrant financial sector and rapid adoption of digital solutions. 
• Founded in 2017 by Mounir Nakhla, MNT-Halan provides business and consumer loans, pre-paid cards, e-wallets, investments, and e-commerce services through the Halan app and nationwide physical presence.
• Earlier this year, Egypt’s MNT-Halan raised $157.5 million in funding with the aim of supporting MNT-Halan’s imminent geographical expansion.

Press release:

MNT-Halan, Egypt’s leading fintech company and first unicorn, has entered the UAE market, marking a key milestone in its rapid expansion across the region. With its financial super app, MNT-Halan will deliver innovative and accessible financial solutions to underserved communities and businesses. The company’s first offering in the UAE is Halan Advance, a fast, secure, and user-friendly salary financing solution, with additional services from its ecosystem set to follow.

MNT-Halan’s entry into the UAE underscores its commitment to reshaping the financial landscape. With its cutting-edge technology, deep understanding of underbanked markets, and compliance with CBUAE regulations, MNT-Halan is well-positioned to introduce a range of solutions designed to enhance financial inclusion, improve cash flow management, and drive economic empowerment. Following successful operations in Egypt, Turkey, and Pakistan, the UAE is the latest market addition to the company’s vision for growth in the GCC and beyond. 

The UAE has long been a strategic priority for MNT-Halan, given its vibrant financial sector and rapid adoption of digital solutions. Currently, there are over 3.7 million underbanked expatriates in the UAE, earning a combined monthly income of over AED 10 billion. These individuals face challenges accessing traditional banking services, creating a substantial opportunity to introduce tailored solutions across credit, payments, and investments.

Among MNT-Halan’s product offerings, Halan Advance provides a seamless salary financing option, empowering employees and businesses alike. It offers companies a credible financial tool for their workforce while providing employees with fast, secure, and compliant access to salary advances through a fully digital platform.

The group is backed by international investors, including Abu Dhabi sovereign fund, Lunate. Since establishing its presence in the UAE in April 2024, Halan UAE has secured partnerships with leading employers and has already acquired over 40,000 customers, with plans to reach 250,000 by the end of 2025.

Mounir Nakhla, Chairman and CEO of MNT-Halan, said: "The GCC is a powerful hub for financial innovation, and launching in the UAE marks a significant step in our regional expansion. With a GDP exceeding $500 billion and a diverse, fast-growing population, the UAE is a pivotal market to advance financial inclusion and transform lives."

Omar Ramadan, Managing Director of Halan GCC, added: "Since we launched Halan Advance, we’ve been thrilled with the fast uptake and the positive feedback from businesses and employees alike. This is just the beginning of what we plan to deliver in the UAE—innovative, accessible solutions that empower individuals and businesses."