Egyptian fintech MNZL has achieved a significant regulatory milestone, becoming the first company in the country to receive approvals for both a fully digital mortgage licence and a digital consumer finance licence. The approvals were granted by Egypt’s Financial Regulatory Authority (FRA), establishing a new, regulated digital pathway for asset-backed lending.
Pioneering Digital Asset-Backed Lending
The dual licensing empowers MNZL to offer mortgage and auto financing through a streamlined, entirely digital platform. This innovation transforms a traditionally paper-heavy and time-consuming process into a secure cycle that can be completed within 48 hours. By digitizing secured lending, the company significantly improves speed, transparency, and consumer protection for asset owners across Egypt.
Unlocking a Trillion-Dollar Asset Class
MNZL is addressing a major liquidity gap in the Egyptian market. According to the company, Egyptian households collectively hold over one trillion dollars in private assets, primarily tied up in real estate and vehicles. Historically, accessing the value of these assets has been a limited and inefficient process.
By digitizing asset-backed lending, MNZL aims to help households unlock equity for a variety of needs, including home or vehicle upgrades, new purchases, business financing, and personal financial planning. The company’s mobile application is now available on both the App Store and Google Play, allowing users to directly access its regulated digital lending services.
About MNZL
MNZL is an Egyptian financial technology company dedicated to revolutionizing the lending landscape through digital innovation. The company provides a platform for asset-backed lending, enabling individuals to unlock the equity in their real estate and vehicles through a fast, transparent, and fully regulated digital process.
Source: MEATECHWATCH
