Egyptian FinTech unicorn MNT-Halan launches in the UAE

By Gloria Methri

MNT-Halan, Egypt’s FinTech unicorn, has entered the UAE market, marking a key milestone in its expansion across the region. With its financial super app, MNT-Halan aims to 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. With its cutting-edge technology and deep understanding of underbanked markets, MNT-Halan is poised to introduce a range of solutions that enhance financial inclusion and improve cash flow management.

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.

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

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 while providing employees with fast, secure, and compliant access to salary advances through a fully digital platform.

Since establishing its presence in the UAE in April 2024, Halan UAE has secured partnerships with leading employers. It has already acquired over 40,000 customers, with plans to reach 250,000 by the end of 2025.

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.”

Omar Ramadan, Managing Director of Halan GCC, added, “Since we launched Halan Advance, we have 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.”