Granite Sets New Digital Benchmark with FRA-Licensed Money Market App

Granite Financial Holding,  a digitally enabled asset management company, announced that it has received the Fintech license from the Financial Regulatory Authority (FRA), enabling the immediate launch of its proprietary Mobile Application, Granite Money Market Account (Granite MMA). The launch follows the FRA’s decision on Thursday, January 15, 2026, which authorized the company to utilize fintech for receiving fund subscriptions and executing purchase and redemption orders for open-ended investment funds. This approval positions Granite at the forefront of financial institutions advancing full digital adoption within Egypt.

The launch of Granite Money Market Account comes at a pivotal moment for Egypt’s financial landscape. As an estimated EGP 1.3 trillion in savings certificates starting to mature in January 2026, liquidity has become a central focus, with institutions competing aggressively to retain deposits amid shifting interest rate conditions.

Granite addresses a different need. Rather than competing for locked-in savings, Granite Money Market Account is designed for individuals and institutions holding substantial idle liquidity who seek to keep their cash fully accessible while generating the highest daily returns through a regulated money market framework without lock-ins.

For companies and institutions, Granite offers an advanced digital dashboard that delivers real-time visibility into liquidity and cash flows. Combined with a tax-free return structure, the platform enables corporates to move beyond passive cash holding toward a more disciplined and optimized approach to treasury management.

“Securing this digital license marks a crucial step in executing our strategy. It reinforces our commitment not only to regulatory compliance but to contributing to the evolution of the financial ecosystem. With this foundation in place, we are positioned to advance our vision of modernizing financial asset management through technology-led, client-centric solutions. We believe meaningful financial progress comes from combining institutional-grade security with simple, accessible digital experiences for both individuals and corporations.

– Hisham Akram, Founder and CEO, Granite Financial Holding

The digital platform sets a new benchmark for financial services by delivering a secure, seamless, and trusted user experience. Through the mobile application, individuals can complete a fully digital account opening and e-KYC registration within minutes, with no paperwork or branch visits required. Users benefit from 24/7 access to their funds with daily compounded returns and no lock-ins. The “Granite MMA” can be linked to any Egyptian bank account, enabling smooth transfers to and from the account.

The FRA’s approval is a testament to the robustness of our digital infrastructure and the disciplined process that went into building Granite. From the beginning, our focus has been on delivering a solution that is both secure and genuinely practical for everyday use. If you have excess cash that you want to keep liquid and accessible, the Granite Digital Money Market Account is your best option. It’s safe, secure and easy-to-use.

– Hussein El Sheikh, Co-Founder and Managing Director, Granite

“This approval validates how we built Granite from day one. We focused on security, compliance, and performance at the infrastructure level, not as add-ons. We’re not building another fintech app; we’re building the next generation of regulated financial accounts.”

– Mahmoud Moursy, Co-Founder and Chief Technical Officer, Granite

As market conditions continue to evolve, Granite’s approach reflects a broader shift in how investors think about cash, not as money to be parked or chased for short-term yield. It’s a rather strategic asset that should remain liquid, transparent, and consistently at work.