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  2. MNT-Halan expands footprint in UAE

MNT-Halan expands footprint in UAE

NOHA.GAD
Dec 11, 2024
Egypt's MNT-Halan launched Halan Advance offering in the UAE as part of its regional expansion plan

Dubai - Sharikat Mubasher: The leading Egyptian fintech company MNT-Halan expanded its footprint in the UAE by launching Halan Advance, a fast, secure, and user-friendly salary financing solution, with additional services from its ecosystem set to follow.

In a statement, MNT-Halan announced that it will deliver innovative and accessible financial solutions to underserved communities and businesses through this expansion.

This move reflects the company’s commitment to reshaping the financial landscape by introducing a full suite of solutions designed to enhance financial inclusion, improve cash flow management, and drive economic empowerment.

Halan Advance 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.

MNT-Halan’s expansion plans also include reaching 250,000 customers by the end of 2025.

Commenting on this milestone, Chairman and CEO Mounir Nakhla 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."

Halan GCC Managing Director Omar Ramadan stated: "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.”

Last July, MNT-Halan revealed its plans to expand in Africa and the GCC region, especially in Saudi Arabia and the UAE.

Founded in 2018, MNT-Halan is the first fintech unicorn in Egypt and MENA that targets revolutionizing access to financial services through technology. It provides business and consumer loans, pre-paid cards, e-wallets, investments, and e-commerce services through the Halan application and nationwide physical presence.

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Fintech
Expansion
Financial inclusion
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