MNZL develops a digital wallet that allows homeowners and car owners to upload assets and convert them into collateral to access loans. The company is introducing this wallet concept to expand secured lending options in Egypt and across the MEA region. MNZL has secured the necessary permits from the Financial Regulatory Authority and reports early market traction. Founded in 2023 and based in Cairo, the startup was launched by Sameh Saleh, Ahmed Dessouky and Bassem Elshaer. The company recently raised capital to enhance its product and scale operations, with plans to invest in technology and expand its reach regionally.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

May 2024