MNT-Halan expands footprint in UAE

NOHA.GAD
Dec 11, 2024

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.


Share

Related News

US-based Databricks launches operations in Saudi Arabia
News
Calendar Icon
December 11, 2024
US-based Databricks launches operations in Saudi Arabia
readmore
MNT-Halan expands footprint in UAE
News
Calendar Icon
December 11, 2024
MNT-Halan expands footprint in UAE
readmore
Julphar to build SAR 300 mn manufacturing facility in Kingdom
News
Calendar Icon
December 10, 2024
Julphar to build SAR 300 mn manufacturing facility in Kingdom
readmore
DeHeng Law Offices opens Riyadh office
News
Calendar Icon
December 9, 2024
DeHeng Law Offices opens Riyadh office
readmore
Stake launches operations in Saudi real estate sector
News
Calendar Icon
December 9, 2024
Stake launches operations in Saudi real estate sector
readmore
Apple to open several retail stores in Saudi Arabia in 2026
News
Calendar Icon
December 9, 2024
Apple to open several retail stores in Saudi Arabia in 2026
readmore
Saudi MSC plans to build €50 mn cable-production plant in Egypt
News
Calendar Icon
December 8, 2024
Saudi MSC plans to build €50 mn cable-production plant in Egypt
readmore
Beyon Cyber joins Saudi Arabia’s thriving tech landscape
News
Calendar Icon
December 5, 2024
Beyon Cyber joins Saudi Arabia’s thriving tech landscape
readmore
Saudi Venture Capital invests in Aliph Capital’s Aliph Fund I
News
Calendar Icon
December 4, 2024
Saudi Venture Capital invests in Aliph Capital’s Aliph Fund I
readmore
MIS allocates SAR 40 mn to invest in global tech firms
News
Calendar Icon
December 3, 2024
MIS allocates SAR 40 mn to invest in global tech firms
readmore