MNZL provides a regulated digital wallet that lets Egyptian homeowners and vehicle owners digitize their assets and borrow against them through a mobile app. By tokenizing property and car titles, the platform offers fast, low‑cost financing with flexible terms and real‑time approval, while offering in‑app advisory support and compliance with the Financial Regulatory Authority.
Funding
$3.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
6OPVFounders
Product
Problem
Many individuals in Egypt own valuable assets such as property or vehicles but lack affordable, quick access to credit that leverages those assets, forcing them to rely on high‑cost loans or lengthy bank processes.
Solution
MNZL offers a regulated digital wallet that lets users digitize ownership of assets like real estate and cars and then borrow against that collateral directly through a mobile app. By tokenizing the asset value, the platform provides lower‑cost financing with flexible terms and rapid disbursement, often within minutes. The app presents a clear dashboard of asset valuations, loan limits, and repayment status, while licensed financial advisors are available via chat or phone to guide users through the borrowing process. All transactions are overseen by the Egyptian Financial Regulatory Authority, ensuring compliance and consumer protection.
Target Audience
Primary customers are Egyptian homeowners and vehicle owners who need affordable, fast credit for personal projects, business expansion, or liquidity needs.
Features
- Asset digitization that converts property or vehicle titles into a secure digital wallet representation
- Automated loan eligibility calculation with borrowing limits up to EGP 1,250,000 based on asset value
- Real‑time financing approval and fund disbursement through the mobile app
- Transparent cost structure with lower interest rates due to asset‑backed collateral
- In‑app financial advisory support via chat and phone throughout the loan lifecycle
- Full regulatory compliance under the Egyptian Financial Regulatory Authority (FRA)