Mnt-halan Enters Uae Market With Cutting-edge Fintech Solutions

MNT-Halan, Egypts first unicorn fintech company, has officially launched in the UAE as part of its ambitious regional expansion strategy. The company, which focuses on providing financial solutions for underserved communities and small businesses, is introducing its innovative financial super app to the UAE to reshape the countrys financial services landscape.

MNT-Halans first offering in the UAE is Halan Advance , a fast, secure, and user-friendly salary financing solution designed for salaried employees. The company plans to expand its services in the UAE in the near future, aiming to improve financial inclusion, streamline cash flow management, and drive economic empowerment for the underbanked population.

Founded in 2018 by Mounir Nakhla, MNT-Halan has rapidly evolved into one of the most influential fintech companies in the MENA region. In early 2023, it became a unicorn with a valuation exceeding 1 billion after securing a 400 million investment from a consortium of investors. Nakhla, the Chairman and CEO, has been instrumental in the companys growth, leading expansions into Trkiye, Pakistan, and now the UAE.

The GCC is a powerful hub for financial innovation, and launching in the UAE marks a significant step in our regional expansion, said Mounir Nakhla. 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.

The UAEs fintech market offers immense opportunities for MNT-Halan, with a diverse population, robust digital infrastructure, and a supportive regulatory environment. The company is poised to benefit from the Central Bank of the UAEs focus on advancing fintech adoption and improving the accessibility of financial services.