MNZL Secures Egypt’s First Dual Digital Lending Licenses

Egyptian fintech MNZL has secured Egypt’s first fully digital mortgage licence together with a digital consumer finance licence from the Financial Regulatory Authority, enabling a fully digital asset‑backed lending experience across home equity and auto finance. The company announced the approvals on December 16th, 2025 in Cairo.

Egyptian households collectively hold over $1 trillion in private wealth and real estate wealth includes over 43 million units, yet access has long been constrained by slow, paperwork‑heavy mortgage processes and rigid consumer‑finance structures. MNZL says the dual digital licences compress the process into a secure, convenient 48‑hour digital cycle. As part of the experience, users can access an AI asset valuation model to estimate an asset’s value and see potential eligibility.

Sameh Saleh, Founder & CEO of MNZL, said in a statement: “Receiving Egypt’s first digital mortgage license, alongside a digital consumer-finance license marks a major shift for the country’s credit market.

Egyptians hold a massive wealth in home and vehicle assets that remained largely inaccessible, pushing many toward unsecured, high-cost credit. 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. We thank the FRA for their trust and leadership in enabling this transformation”

Ibrahim Safwat, Co-Founder & Managing Director, told StartupScene: “Egypt is moving decisively toward digitizing real-estate assets and modernizing the credit infrastructure that sits behind them. The FRA’s leadership has been central to this shift. 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. We are proud to help set a new standard for the future of asset-backed lending in Egypt.” MNZL is available on the App Store and Google Play, offering a fully digital way to access home‑equity finance and auto loans. The company raised a pre‑seed round of $3.5 million in 2023 from investors including P1 Ventures, LocalGlobe, First circle, Ingressive Capital and others.