MNT-Halan, Egypt’s leading fintech company and the country’s first unicorn, has entered the United Arab Emirates (UAE) market, marking a key milestone in its rapid expansion across the region.
Founded in 2018, MNT-Halan was created to digitally bank the unbanked and substitute cash with electronic solutions. The MNT-Halan digital ecosystem includes small and micro business lending, payments, consumer finance, and e-commerce.
The MNT-Halan digital ecosystem includes small and micro-business lending, consumer finance, pre-paid cards, e-wallets, savings, payments, and e-commerce. With over 2.2 million quarterly active users, MNT-Halan has disbursed over US$4.4 billion in loans and served more than seven million customers in Egypt.
Disrupt Africa reported earlier this year the company was set for further international expansion after raising US$157.5 million in capital, and it has now entered the UAE market, following earlier launches in Egypt, Turkey, and Pakistan.
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.
“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 US$500 billion and a diverse, fast-growing population, the UAE is a pivotal market to advance financial inclusion and transform lives,” said Mounir Nakhla, chairman and CEO of MNT-Halan.
