Mubasher: Halan UAE, part of Egypt and MENA’s first fintech unicorn MNT-Halan, has partnered with Lean Technologies to leverage open banking technology and expand credit access for individuals and small businesses across the GCC.
The partnership combines Lean’s secure bank data access with Halan’s AI Neuron engine to improve credit scoring for applicants with little or no credit history, according to a press release.
Since its launch in December 2024, Halan UAE has served over 220,000 customers with financing solutions, including earned wage access, car loans, and salary lending.
Despite rapid digitization, nearly 3.70 million people in the UAE remain unbanked or underbanked out of a population of 10 million. These solutions help underbanked people easily manage income gaps and finance their purchases.
Hisham Al Falih, Co-Founder and CEO of Lean Technologies, commented: “Through this partnership with Halan, we are showing how secure data access can power innovation, expand SME competitiveness, and advance financial inclusion at scale across the region.”
The collaboration directly supports the UAE’s Open Finance Strategy and Saudi Arabia’s Vision 2030 to enhance fintech adoption, SME competitiveness, and financial inclusion.
In November 2024, Lean Technologies secured a $67.50 million Series B funding round.
