GRANITE
GRANITE is a fully digital Money Market Account linked to a licensed money market fund, enabling individuals and businesses in Egypt to earn daily compounded returns on idle cash without lock-ups or minimum balance requirements. Funds are automatically invested in Egyptian Treasury bills and managed by expert fund managers, with account balances updated daily based on the fund's Net Asset Value. The platform offers frictionless onboarding through instant eKYC and e-signing, with same-day earning for transfers made before 2:00 PM.
- Financial Technology
- Software Only
Funding
Founders
Founder details are not available yet.
Product
Problem
Traditional savings accounts in Egypt offer low yields, while money market funds typically require manual paperwork, physical branch visits, and lock investment periods. Investors are forced to choose between liquidity and meaningful returns on their idle cash.
Solution
Granite provides a secure, fully digital Money Market Account linked to a licensed money market fund, allowing individuals and businesses to earn daily compounded returns without sacrificing access to their funds. Deposited money is automatically invested in Egyptian Treasury bills and eligible money market instruments managed by expert fund managers, with account balances updated daily based on the fund's Net Asset Value. The platform eliminates paperwork and branch visits through instant eKYC and e-signing, enabling users to deposit or withdraw any amount at any time with no penalties. All funds and data are protected under FRA regulation with institution-grade cybersecurity and strict data privacy controls.
Target Audience
Primary customers are individual investors seeking higher daily returns on idle cash and corporate entities looking to optimize short-term cash reserves with a secure, regulated digital platform.
Features
- Daily compounded returns calculated on weekends and holidays, with interest accrual starting the same day for transfers made before 2:00 PM
- Zero lock-ups with 24/7 full digital access to deposits and withdrawals, with no minimum or maximum amount restrictions
- FRA-licensed and regulated platform with funds invested exclusively in risk-free Egyptian Treasury bills and eligible money market instruments
- Automated investment into a professionally managed money market fund with daily Net Asset Value (NAV) updates reflected in account balances
- Frictionless onboarding featuring instant eKYC, ID scanning, e-signing, and bank account linking through the mobile app