الهيئة العامة للرقابة المالية

Financial Regulatory Authority (FRA), chaired by Dr. Islam Azzam, has licensed four companies to provide non-banking financial services through FinTech platforms. The move aligns with the FRA’s commitment to accelerate digital transformation, broaden financial access and leverage FinTech to enhance product offerings for market participants.

The approvals include granting “Ashal Financial Microfinance” a license to offer microfinance services through integrated FinTech channels, while “Manzil for Consumer and Real Estate Finance” received final authorization to provide consumer finance and mortgage services digitally.

In the investment fund segment, “Menthum Holding for Financial Investments” was approved to process subscriptions, purchases and redemptions for licensed open-ended investment funds via FinTech platforms and “Azimut Egypt Investments” was licensed to establish a dedicated digital platform for private equity and venture capital funds.

These approvals support the development of specialized digital channels across the non-banking financial sector—particularly in private equity and venture capital—while streamlining service delivery through technology.

 The licenses fall under FRA’s constitutional and legal mandate to regulate and supervise non-banking financial markets, including capital markets, futures exchanges, insurance, mortgages, leasing, factoring and securitization, in addition to approving the incorporation and licensing of companies operating across these markets, whether through traditional mechanisms or FinTech platforms.

Financial Regulatory Authority (FRA) reaffirmed its commitment to scaling FinTech adoption across non-banking financial activities, enhancing the sector’s digital infrastructure and delivering agile, efficient financial solutions. This approach aligns with rapid technological advances and evolving market needs while maintaining robust regulatory safeguards to protect investor rights and ensure market stability.

Furthermore, expanding digital non-banking financial services improves access for underserved segments, boosts operational efficiency and streamlines procedures, directly enhancing financial inclusion, investment expansion and digital transformation.