Granite Launches Fully Digital Cash Management Account Following FRA Approval
Granite Financial Holdings has announced the receipt of regulatory approval from Egypt’s Financial Regulatory Authority (FRA) to operate non-banking financial services through financial technology, marking a major milestone in the company’s digital expansion strategy.
Based on the FRA’s decision dated January 15, 2026, the company is now authorized to use fintech solutions for processing subscriptions in investment fund certificates, as well as executing purchase and redemption transactions for open-ended funds — placing Granite at the forefront of digitally enabled financial institutions in Egypt’s capital market.
The launch of the Granite Daily Account comes at a critical time, as Egyptian banks prepare to release approximately EGP 1.3 trillion in maturing savings certificates beginning January 2026. These anticipated liquidity flows have intensified competition across the banking sector, as institutions seek to retain customer deposits amid ongoing interest-rate volatility.
Positioned as a flexible liquidity-management solution, Granite’s digital account is designed for both individuals and businesses seeking higher efficiency without locking funds into long-term savings vehicles. The account offers daily return generation, full regulatory oversight, and instant access to funds, allowing withdrawals at any time without fees or penalties.
For corporate and institutional clients, Granite provides a sophisticated digital control panel enabling real-time tracking of cash positions and inflows, offering improved treasury oversight and operational efficiency. Returns generated through the platform benefit from tax exemption, making the solution particularly attractive for corporate liquidity optimization.
Commenting on the company’s vision, Hussein El-Sheikh, Co-Founder and Managing Director of Granite, stated:
“The FRA’s approval reflects its confidence in Granite’s digital infrastructure. From the outset, our focus has been on building a secure and practical solution tailored for everyday use. By equipping individuals and companies with a trusted digital tool for managing cash liquidity — whether via mobile for individuals or a dedicated web portal for enterprises — we empower clients with greater financial control through a simple, reliable, and efficient platform.”
Meanwhile, Mahmoud Morsi, Co-Founder and Chief Technology Officer, emphasized that regulatory compliance was embedded into the platform’s design from day one:
“This license validates the approach we adopted in building Granite’s operating model. Security, efficiency, and regulatory compliance were foundational elements of the platform — not features added later. We are not offering a conventional financial application; we are establishing a new generation of regulated digital financial accounts.”
As market dynamics continue to evolve, Granite’s vision reflects a fundamental shift in how investors perceive cash liquidity — no longer as idle capital or a temporary holding tool, but as a strategic asset that combines instant access with growing daily returns, within a framework of maximum security and transparency.