• Egypt-based fintech company MNT-Halan enters the UAE market, continuing its regional growth across Egypt, Turkey, and Pakistan.
• The launch of Halan Advance, a digital salary financing solution, addresses the needs of underserved communities and businesses in the UAE.
• With over 3.7 million underbanked expatriates in the UAE, MNT-Halan leverages its innovative solutions to provide tailored financial tools for credit, payments, and investments.

MNT-Halan Expands into the UAE

Egypt’s fintech company MNT-Halan has entered the UAE market, marking a key milestone in its rapid expansion across the region.

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.

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.”

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 Transforming Financial Inclusion in the GCC

MNT-Halan also combines cutting-edge technology with a deep understanding of underbanked markets. Furthermore, the company is fully compliant with CBUAE regulations. So, the main aim is to introduce a range of solutions designed to enhance financial inclusion. These solutions will improve cash flow management and drive economic empowerment.

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. This is creating a substantial opportunity to introduce tailored solutions across credit, payments, and investments.

Innovative Financial Tools for Businesses

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. Also it is providing employees with fast, secure, and compliant access to salary advances.

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. The company has already acquired over 40,000 customers, with plans to reach 250,000 by the end of 2025.

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.”