Egyptian fintech company, MNZL, has achieved a major milestone after securing approval from the Financial Regulatory Authority (FRA) for the nation’s first fully digital mortgage licence and a digital consumer finance licence.
The dual authorisation makes MNZL the first entity in Egypt to hold both licences, signalling a transformative step for the country’s digital financial services ecosystem.
Sameh Saleh, Founder and CEO, highlighted the direct benefits for Egyptian families. He explained that by making secured lending digital, fast, and accessible, MNZL offers a safer and more affordable alternative to traditional financing options.
“By making secured lending digital, fast, and accessible, we’re offering a safer, more affordable alternative that finally unlocks the real wealth families already own,” Saleh said.
What You Need to Know
The FRA’s approval establishes a regulated, fully digital framework for asset-backed lending across Egypt. This authorisation empowers MNZL to offer financing secured against assets such as homes and vehicles through a streamlined online process.
The dual licensing demonstrates a strategic commitment to modernising Egypt’s financial sector and adopting technological innovation to enhance market efficiency. By digitising traditionally paper-intensive lending processes, MNZL aims to improve accessibility, speed, and consumer trust.
MNZL is targeting a substantial yet historically illiquid segment of the Egyptian economy. The company estimates that Egyptian families hold over $1 trillion in private assets, much of it in real estate and vehicles.
Traditionally, accessing the equity tied to these assets has been slow, cumbersome, and heavily dependent on manual documentation. MNZL’s platform compresses the entire lending cycle into a secure 48-hour process, allowing users to unlock capital for home upgrades, new purchases, or business ventures.
A Vision for Financial Transformation
Ibrahim Safwat, Co-Founder and Managing Director of MNZL, emphasised the company’s role in advancing Egypt’s digital transformation.
He explained that the dual-license model introduces a well-governed, data-driven system that accelerates asset verification, strengthens consumer protection, and fosters a more transparent and accessible asset-backed lending market.
“Our dual digital license positions allows us to play a pivotal role into this national transformation by bringing a well governed, data-driven model that accelerates asset verification, strengthens consumer protection, and supports a more transparent asset-backed lending market,” Safwat said.
Egypt’s financial technology ecosystem has grown rapidly in recent years, fuelled by increasing adoption of digital financial services and supportive regulation.
With its dual digital licences, experts say MNZL is poised to make a profound impact on Egypt’s fintech and real estate finance sectors. This launch represents a critical step toward improving financial inclusion, providing greater liquidity, and demonstrating how digital platforms can modernise traditional financial services.
Talking Points
It is impressive that MNZL has secured Egypt’s first fully digital mortgage licence along with a digital consumer finance licence, addressing a major barrier many Egyptian families face: accessing the equity tied up in homes and vehicles quickly, securely, and affordably.
This dual licence positions MNZL as a practical solution for real financial challenges, particularly for households and small business owners seeking faster access to capital without navigating cumbersome, paper-intensive processes.
At Techparley, we see how platforms like MNZL can accelerate digital transformation in Egypt’s financial sector, bringing transparency, speed, and efficiency to asset-backed lending. This not only supports individual households but also strengthens the broader economy by mobilising previously illiquid private assets.
The integration of fully digital processes, from application to approval means families can now unlock the value of their assets in as little as 48 hours, making lending more accessible and predictable, and aligning with modern expectations of convenience and speed.
With the right strategic support, MNZL has the potential to become a catalyst for financial inclusion and a model for digital asset-backed lending across the region.
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