Cairo – Mubasher: Egypt’s leading fintech company and first unicorn MNT-Halan has entered the UAE market in line with its regional expansion plans, according to a press release.
The company introduced Halan Advance, a fast, secure, and user-friendly salary financing solution, with additional services from its ecosystem set to follow.
MNT-Halan will deliver advanced and accessible financial solutions to underserved communities and businesses through its super app.
In line with the Central Bank of the UAE (CBUAE) regulations, MNT-Halan is set to offer a range of solutions designed to boost financial inclusion, enhance cash flow management, and drive economic empowerment.
The UAE has been a strategic priority for MNT-Halan due to its vibrant financial sector and rapid adoption of digital solutions. There are currently over 3.70 million underbanked expatriates in the UAE, earning a combined monthly income of more than AED 10 billion.
Mounir Nakhla, Chairman and CEO of MNT-Halan, said: "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: "This is just the beginning of what we plan to deliver in the UAE—innovative, accessible solutions that empower individuals and businesses."
Last July, MNT-Halan raised $157.50 million in funding following $400 million in equity and debt financing from local and global investors in February.
