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.
