Egyptian fintech MNZL has received regulatory approval to operate both a fully digital mortgage licence and a digital consumer finance licence, becoming the first company in the country to hold both. The approvals were granted by Egypt’s Financial Regulatory Authority and establish a regulated digital pathway for asset-backed lending covering housing and vehicle finance.
The dual licensing allows MNZL to offer mortgage and auto financing through a streamlined, fully digital process. According to the company, the platform compresses what has traditionally been a paperwork-heavy and time-consuming process into a secure cycle that can be completed within 48 hours, improving speed, transparency, and consumer protection.
MNZL said Egyptian households collectively hold more than one trillion dollars in private assets, largely tied up in real estate and vehicles, but have historically faced limited and inefficient access to this value. By digitising secured lending, the company aims to help households unlock equity for upgrades, new purchases, business needs, and financial planning.
The company’s mobile application is now available on both the App Store and Google Play, allowing users to access its regulated digital lending services directly.
