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

Google invests $1bn in its cloud infrastructure in Dammam
News
Calendar Icon
January 22, 2025
Google invests $1bn in its cloud infrastructure in Dammam
readmore
40 Canadian firms explore opportunities in Saudi healthcare sector
News
Calendar Icon
January 22, 2025
40 Canadian firms explore opportunities in Saudi healthcare sector
readmore
US Salesforce plans to open RHQ, establish AI CoE in Riyadh
News
Calendar Icon
January 22, 2025
US Salesforce plans to open RHQ, establish AI CoE in Riyadh
readmore
Watheeq Capital partially exits Rize with 4 times return
News
Calendar Icon
January 22, 2025
Watheeq Capital partially exits Rize with 4 times return
readmore
Elm, PIF Seal $907mn agreement for Thiqah acquisition
News
Calendar Icon
January 22, 2025
Elm, PIF Seal $907mn agreement for Thiqah acquisition
readmore
Social Impact Capital expands stake in CIRA Education by 37.5%
News
Calendar Icon
January 21, 2025
Social Impact Capital expands stake in CIRA Education by 37.5%
readmore
Chile's Codelco explores investment opportunities in Saudi Arabia
News
Calendar Icon
January 20, 2025
Chile's Codelco explores investment opportunities in Saudi Arabia
readmore
Saudi Arabia backs €1.5bn investment with Slovenia’s SIJ Group
News
Calendar Icon
January 19, 2025
Saudi Arabia backs €1.5bn investment with Slovenia’s SIJ Group
readmore
El Shahawy: SMRC aims to double gold production capacity
News
Calendar Icon
January 16, 2025
El Shahawy: SMRC aims to double gold production capacity
readmore
Ma'aden to open1st office in São Paulo, invests $1.31bn in Brazil
News
Calendar Icon
January 14, 2025
Ma'aden to open1st office in São Paulo, invests $1.31bn in Brazil
readmore