Egypt’s MNZL Becomes First Company to Secure Dual Digital Finance Licenses

Egyptian fintech company MNZL  has achieved a groundbreaking milestone by securing approval from the Financial Regulatory Authority (FRA) for two critical digital licenses: the nation’s first fully digital mortgage license and a digital consumer finance license. This dual authorization positions MNZL as the first company in Egypt to hold both licenses, signaling a major advancement in the country’s digital financial services sector.

The FRA’s approval paves the way for fully digital, regulated asset-backed lending, allowing MNZL to offer financing secured by assets such as homes and vehicles through a modern, streamlined online process. By reducing paperwork and accelerating approvals, the company is modernizing Egypt’s financial landscape while enhancing efficiency and consumer accessibility.

MNZL is strategically targeting a substantial yet largely untapped market, with Egyptian families holding over $1 trillion in private assets, mostly in real estate and vehicles. Historically, unlocking this equity has been slow and cumbersome, but MNZL’s digital platform compresses the entire lending cycle—from application to approval—into just 48 hours, enabling families to access funds for home improvements, new purchases, or business ventures.

Co-Founder and Managing Director Ibrahim Safwat emphasized that the dual-license model establishes a transparent, data-driven system that speeds up asset verification while protecting consumers. Founder and CEO Sameh Saleh highlighted the benefits for Egyptian families, noting that digital secured lending offers a faster, safer, and more affordable alternative to traditional financing. With its innovative approach, MNZL is poised to transform the fintech and real estate finance sectors in Egypt. The company’s application, now available on the App Store and Google Play, represents a major step toward greater financial inclusion and liquidity for millions of asset owners nationwide.