# Mnzl Tech, S.A.E.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mnzl-tech-s-a-e

- Industry: Financial Services
- Headquarters: Cairo, Egypt
- Website: www.mnzl.co
- Total disclosed funding: $3.5M
- Latest round: Seed (May 9, 2024)
- Investors on record: 8

## About

Founded in 2022 and based in Cairo, Egypt, Mnzl Tech, S.A.E. operates as a financial technology company that offers asset-backed financing solutions. The company was founded by Sameh Saleh, Ahmed Dessouky, and Bassem Elshaer. In May 2024, Mnzl Tech, S.A.E., raised USD 3.5 million in seed funding co-led by P1 Ventures, LocalGlobe, and Ingressive Capital.

Mnzl offers a mobile application for both Android and iOS users. The company provides a MNZL Wallet app, which is a digital wallet that allows users to upload assets, such as property or a car, in the app and then borrow money against the value of the asset. Through its app, users can track loan progress.

The company plans to use the funds raised in May 2024 to help change Egypt's, the Middle East's, and Africa's financing environment.

## Funding rounds

- Seed, May 9, 2024, $3.5M — 500 Global, Flat6Labs, LocalGlobe, Ingressive Capital, Enza Capital Management, P1 Ventures, First Circle Capital, Beenok

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Flat6Labs (https://capitalatlas.ai/funds/flat6labs) — Seed
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed
- Ingressive Capital (https://capitalatlas.ai/funds/ingressive-capital) — Seed
- Enza Capital Management (https://capitalatlas.ai/funds/enza-capital-management) — Seed
- P1 Ventures (https://capitalatlas.ai/funds/p1-ventures) — Seed
- First Circle Capital (https://capitalatlas.ai/funds/first-circle-capital) — Seed
- Beenok (https://capitalatlas.ai/funds/beenok) — Seed