MNZL Becomes First Fintech With Dual Digital Lending Licences In Egypt

Fintech MNZL received approval from the Financial Regulatory Authority for Egypt’s first fully digital mortgage licence alongside a digital consumer finance licence, making it the first company in the country to hold both. The move introduces a regulated digital pathway for asset-backed lending across housing and vehicles.

"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," Co-Founder and Managing Director Ibrahim Safwat said.

According to MNZL, Egyptian families hold more than one trillion dollars in private assets, much of it locked in real estate and vehicles, yet access to this value has remained slow and paperwork-heavy. MNZL’s digital workflow compresses the process into a secure 48-hour cycle, allowing users to unlock equity for upgrades, new purchases, business activity or financial planning.

"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," Founder and CEO Sameh Saleh said.

MNZL’s app is now live on the App Store and Google Play.