Table of Contents
Key Points
- MNT-Halan, Egypt's first unicorn, launches in the UAE with innovative financial services.
- Fintech aims to empower underserved communities through its financial super app.
- MNT-Halan targets 250,000 customers in the UAE by the end of 2025.
MNT-Halan, Egypt’s 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 country’s financial services landscape.
MNT-Halan targets 250,000 UAE customers by 2025
MNT-Halan’s 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 company’s growth, leading expansions into Türkiye, 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 UAE’s 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 UAE’s focus on advancing fintech adoption and improving the accessibility of financial services.
Financial super app offering multiple services
Since establishing its presence in the UAE in April 2024, MNT-Halan has quickly gained traction, securing partnerships with key employers and acquiring over 40,000 customers. The company aims to scale this figure to 250,000 customers by the end of 2025.
MNT-Halan’s business model is focused on empowering underserved communities and small businesses by offering easy access to credit, payments, and e-commerce services. The company’s financial super app consolidates multiple services, including salary financing, small business loans, and cashless payments, into a single, user-friendly platform.
MNT-Halan’s expansion into the UAE follows its impressive track record in Egypt, where it has been a key driver of financial inclusion. With a mission to provide accessible and innovative financial solutions, the company has raised significant funding rounds and consistently expanded its offerings.
As it enters the UAE market, MNT-Halan remains committed to complying with regional regulations while delivering scalable, customer-centric solutions that can drive financial empowerment and innovation across the GCC.
