Jagjit Singh’s Post

𝐄𝐠𝐲𝐩𝐭𝐢𝐚𝐧 𝐅𝐢𝐧𝐭𝐞𝐜𝐡 𝐌𝐍𝐓-𝐇𝐚𝐥𝐚𝐧 𝐄𝐱𝐩𝐚𝐧𝐝𝐬 𝐭𝐨 𝐔𝐀𝐄 MNT-Halan, Egypt's leading fintech company and first unicorn has expanded into the UAE market with the launch of its financial super app, targeting the country's 3.7 million underbanked expatriates who earn a combined monthly income exceeding AED 10 billion. The company's initial offering, Halan Advance, provides salary financing solutions through a digital platform, with the company already securing partnerships with leading employers and acquiring over 40,000 customers since its April 2024 launch, aiming to reach 250,000 users by the end of 2025. Building on its successful operations in Egypt, Turkey, and Pakistan, MNT-Halan's entry into the UAE represents a strategic move to reshape the GCC's financial landscape, leveraging the country's GDP of over $500 billion and rapidly evolving digital financial sector. Under the leadership of Chairman and CEO Mounir Nakhla and GCC Managing Director Omar Ramadan, the company aims to expand beyond salary financing to offer comprehensive financial solutions that enhance inclusion and cash flow management while maintaining compliance with CBUAE regulations. #Fintech #MNT_Halan #FinancialInclusion #DigitalBanking #UAEFintech #GCCMarket #SalaryFinancing #FinancialInnovation #FintechExpansion

MNT-Halan, Egypt's first fintech unicorn, has officially launched its financial super app in the UAE. This strategic move marks a significant step in their mission to revolutionize financial services across the Middle East. Key Highlights: • First offering: Halan Advance - a seamless salary financing solution • Target market: 3.7 million underbanked expatriates • Ambitious goal: Reach 250,000 customers by end of 2025 MNT-Halan's vision goes beyond traditional banking. They're committed to: • Enhancing financial inclusion • Providing accessible digital financial solutions • Empowering underserved communities As the CEO Mounir Nakhla says, "The UAE represents a pivotal market to advance financial inclusion and transform lives." With over 40,000 customers already onboarded and backing from international investors like Lunate, they're just getting started! #FinTech #FinancialInclusion #UAEInnovation #MNTHalan

MNT-Halan, Egypt’s first fintech unicorn and the country’s leading fintech player, has officially entered the UAE market as it continues its strategic expansion across the region. This move reinforces MNT-Halan’s commitment to offering innovative and accessible financial solutions to underserved communities and businesses through its financial super app. The company’s first UAE product, Halan Advance, is a fast, secure, and user-friendly salary financing solution, with more services from its comprehensive ecosystem to follow. With a track record spanning Egypt, Türkiye, and Pakistan, MNT-Halan’s entry into the UAE, based on newest technology, a deep understanding of underbanked markets, and strict compliance with CBUAE regulations, highlights a mission to reshape the financial landscape. The firm plans to introduce various tailored solutions designed to enhance financial inclusion, improve cash flow management, and drive economic empowerment for individuals and businesses alike. Since establishing its presence in the UAE in April 2024, Halan UAE has formed key employer partnerships and acquired over 40,000 customers. The company aims to reach 250,000 customers by the end of 2025. (Image by ThinkMarketingMagazine) #Fintech #MENA #UAE #FinancialInclusion #DigitalPayments #Innovation

MNT-Halan Breaks into the UAE Market: A New Era for Fintech in the GCC! Egypt-based MNT-Halan, a leading fintech company, has expanded into the UAE with the launch of its innovative financial super app. The company aims to address the needs of over 3.7 million underbanked expatriates, providing cutting-edge solutions for salary advances, payments, and investments. The first product, Halan Advance, offers fast and secure salary financing for employees while empowering businesses. MNT-Halan specializes in financial inclusion solutions, focusing on underserved markets through tools for credit, payments, and investments, fostering economic empowerment. Founded on 2017 in Egypt CEO and Chairman: Mounir Nakhla Managing Director, GCC: Omar Ramadan Investors: Backed by Lunate and Abu Dhabi Sovereign Fund. Follow me for more updates on groundbreaking fintech innovations and the latest startup news in the MENA region! #MNTHalan #FintechUAE #StartupNews #FinancialInclusion #GCCInnovation

Egyptian 🇪🇬 fintech leader MNT-Halan has acquired Turkey’s Tam Finans, a prominent commercial finance company with a loan book exceeding $300 million. 📈 This strategic move comes on the heels of their recent $157.5 million capital raise and marks a significant step in their international expansion. 🚀 Since its inception in 2018, MNT-Halan has been revolutionizing financial services for the unbanked in Egypt, providing a robust digital ecosystem that includes small and micro-business lending, payments, consumer finance, and e-commerce. With over 2.2 million active users and more than $4.4 billion in loans disbursed, their impact has been profound. 💬 MNT-Halan’s founder and CEO, Mounir Nakhla, is enthusiastic about this merger and the growth prospects it brings, reflecting on the long-standing economic and cultural ties between Turkey and Egypt. 🤝 Read more: https://lnkd.in/deQTjw4H #Africa #Egypt #Fintech #Expansion #Acquisition #DigitalFinance #Entrepreneur

Really enjoyed discussing some of the findings from the newly-released 2024 Middle East & Africa Fintech report at Seamless Middle East & Saudi Arabia, last week. 🚀🚀 In case you missed it, UAE is now the number 1️⃣ leading #fintech hub in the MEA region with Dubai alone hosting an estimated half of the total fintechs in the region. Do you agree - talent is more important than funding? What do you think is the biggest predictor of fintech growth? 🔎 Check out the comments below for the link to the full report. #fintech #fintechmiddleeast #fintechafrica #fintechMEA #fintechreport #fintechdevelopment #financialinclusion #digitaldisruption #economy Mark Walker Matouk Bassiouny Seamless Xtra The Fintech Times Visa PayTabs Global

Pakistani fintech Abhi (YC S21) has secured $15 million in credit financing led by Shorooq Partners and Amplify Growth Partnership. In a significant move, UAE-based Codebase Technologies has partnered with Abhi to offer Earned Wage Access (EWA) solutions through its Digibanc platform. This collaboration aims to enhance global financial inclusion by providing businesses with tools to support employees’ financial well-being. With 76% of workers living paycheck to paycheck and 1.7 billion people lacking access to formal financial services, this partnership addresses the urgent need for accessible financial solutions. #Fintech #Abhi #CodebaseTechnologies #FinancialInclusion #EWA #Investment #CreditFinancing

FinTech firms continue to reign supreme in the UAE In 2023, the #UAE proved once again that it ranks among the world’s top #FinTech hubs. The industry was the top-funded in the country, with start-ups raising US$186 million (AED683.18 million) across 43 deals in 2023, per MAGNiTT data. The UAE was also the sole frontrunner when it came to global FinTech financing, seeing a 92% jump in overall investments, according to Innovate Finance. The country’s FinTech-friendly regulations, adoption of digital banking, large and dynamic investor pool, and strong support from entities like DIFC, the top regional finance centre, contributed to the strong performance. These milestones will play a pivotal role in helping achieve the Dubai Economic Agenda ‘D33’ goal of positioning the city as one of the top four global financial centres and top three economies by 2033. #BusinessDubai #D33 #Dubai #FinTech #Finance #Investors #VentureCapital 

Egypt’s fintech sector is undergoing significant regulatory changes aimed at enhancing transparency and security for investors. These changes support fintech startups and ensure compliance with international standards. Businesses in this space should stay updated to capitalize on opportunities while ensuring legal adherence. يشهد قطاع التكنولوجيا المالية في مصر تغييرات تنظيمية هامة تهدف إلى تعزيز الشفافية والأمان للمستثمرين. تدعم هذه التغييرات الشركات الناشئة في مجال التكنولوجيا المالية وتضمن الامتثال للمعايير الدولية. يجب على الشركات متابعة المستجدات للاستفادة من الفرص وضمان الامتثال القانوني. Contact us via WhatsApp 01065666431 www.eldashlaw.com Cairo: Villa 30, Street 3, District 4, Area 1, 5th Settlement, Cairo, Egypt Delaware: 16192 Coastal Highway, Lewes, Delaware, County of Sussex, USA Dubai: Cluster I, Platinum Tower, JLT DMCC, Suite 1403, Dubai, UAE #Egypt #Fintech #StartupLaw #CorporateUpdates #Regulations

The MENA region, particularly Dubai, is emerging as a global fintech & online trading hub. With a surge in investment, startups, and industry interest, the region is positioning itself as a prime location for business expansion. Key factors driving MENA's growth include: • A thriving startup ecosystem • Increased investment in fintech and online trading • A growing population with a rising interest in financial services • A supportive regulatory environment These elements combined make MENA an attractive destination for both established firms and aspiring entrepreneurs in the fintech and online trading sectors. 📞: +971 04 294 3940 WhatsApp : +971 50 561 6799 Youtube: alketbilaws Instagram: alketbilaws Facebook: Khalifa Bin Huwaidan Alketbi Advocates & Legal Consultants LinkedIn: Khalifa Bin Huwaidan Alketbi Advocates & Legal Consultants website: https://alketbilaw.com . . #MENA #Dubai #Fintech #OnlineTrading #FintechInnovation #FinancialServices #UAE #GCC #DubaiBusiness #DidYouKnow