MNZL Secures First Dual Digital Licences in Egypt, Accelerating Fintech Growth

Editorial Team

Last updated 17-12-2025

3 min

MNZL is the first in Egypt to secure fully digital mortgage and consumer finance licences.

The digital workflow enables mortgage and auto-financing processes to complete in about 48 hours.

MNZL aims to unlock household wealth by digitising the lending chain for easier equity access.

Its new app provides users direct access to these services, changing the MENA finance landscape.

This development might prompt competitors to enhance their own lending services.

MNZL has managed to pull off something quite rare in Egypt’s fintech scene, becoming the first company in the country to secure both a fully digital mortgage licence and a digital consumer finance licence. The green light came from Egypt’s Financial Regulatory Authority, creating a proper, regulated route for offering asset‑backed loans online — mainly for housing and vehicles. For a market where lending can often feel like a bit of a faff, this is a notable shift.

The dual approval means MNZL can now run mortgage and auto‑financing services through a completely digital workflow. The company says the whole process, which usually drags on with endless papers and back‑and‑forth visits, can now be wrapped up in about 48 hours. I reckon that pace alone will catch the attention of many families, especially those who’ve grown used to slow‑moving bureaucracy. That said, the promise of transparency and consumer protection baked into the setup may be just as crucial for building trust.

One detail that stood out to me is MNZL’s focus on unlocking household wealth. Egyptian families hold more than a trillion dollars’ worth of private assets, mostly tied up in property and cars, but historically haven’t had an easy way to tap into that value. On the flip side, secured lending has often felt out of reach or simply too complicated. By digitising the entire lending chain, the company hopes to make equity access smoother for home upgrades, vehicle purchases, business capital or even long‑term financial planning. And believe it or not, this aligns with plenty of stories I’ve heard from entrepreneurs around the region — at Arageek, we come across founders all the time who say that getting liquidity from their own assets is harder than raising seed funding.

MNZL’s mobile app is already live on both app stores, giving users a direct gateway into its newly regulated services. It’s a small thing, but moments like this remind me how quickly consumer finance is changing across the MENA region. Some players move fast, others drag their feet… and one mistep can reshape an entire market.

Still, with proper oversight now in place and digital processes becoming more mainstream, this could push the broader ecosystem toward more accessible and secure lending options. If nothing else, it’s a development worth keeping an eye on — and one that might spur a few competitors to step up their game.

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