Fundz

MNZL raises $3.5M in a funding round to introduce new lending options

PRIVATEMay 08, 2024

Amount Raised

$3.5 Million

Round Type

Seed

CairoFinancial ServicesFintechLending

Investors

Ingressive CapitalLocalglobeP1 Ventures

Description

MNZL, a fintech startup based in Egypt, has secured $3.5 million from a funding round led by P1 Ventures, Localglobe, and Ingressive Capital. The funding aims to address the need for innovative solutions to broaden access and reduce costs of credit in the region by introducing new lending options.

Quick answer

MNZL raised $3.5 Million in a Seed round, dated May 8, 2024. Investors: Ingressive Capital, Localglobe and P1 Ventures. MNZL is based in Cairo, Cairo, Egypt.

How much did MNZL raise?
MNZL raised $3.5 Million in a Seed round on May 8, 2024.
Who invested in MNZL?
Ingressive Capital, Localglobe and P1 Ventures are named as investors in this round.
What does MNZL do?
MNZL is a fintech startup based in Egypt that aims to introduce new lending options by leveraging property and vehicles for financing.
Where is MNZL based and how big is it?
MNZL is based in Cairo, Cairo, Egypt.
Who are the decision-makers at MNZL?
Fundz holds 1 contact at MNZL. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Fintech around the same time

Companies in the same sectors as MNZL that raised within 45 days of this round, from Fundz verified event records.

  • Gynger raised $20M (Series A) on June 20, 2024.
  • Numerated raised an undisclosed amount (Corporate Round) on June 20, 2024.
  • Shivalik Small Finance Bank raised $13M (Seed) on June 18, 2024.
  • Chexy raised $4.1M (Seed) on June 18, 2024.
  • CleverCards raised $8.6M on June 14, 2024.
  • Kanastra raised $21M (Series A) on June 5, 2024.

Who to call at MNZL, and when

A new round usually means MNZL is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

MNZL

Location

Cairo, Cairo, Egypt

About

MNZL is a fintech startup based in Egypt that aims to introduce new lending options by leveraging property and vehicles for financing. The company looks to address the pressing need for innovative solutions to broaden access and reduce costs of credit in the region.

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MNZL raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.