Granite Holdings, a company specialized in digital asset management, announced that it has obtained a license from the Egyptian Financial Regulatory Authority (FRA) to operate non-banking financial activities using FinTech solutions. This license enables the immediate launch of its new application, “Granite Day-to-Day Account.” The FRA’s approval, issued on Thursday, January 15, 2026, allows Granite to accept subscriptions to investment fund documents and execute purchase and redemption transactions for open-ended fund units, positioning the company as a pioneer in implementing full digitalization standards in Egypt’s financial market.
Granite Day-to-Day Account: Flexible Solution for Individuals and Businesses
The launch of the digital account coincides with Egyptian banks preparing to repay customer savings certificates worth approximately EGP 1.3 trillion starting January 2026. This creates significant liquidity flows and intensifies competition among banks to retain deposits amid interest rate fluctuations.
The Granite Day-to-Day Account offers a flexible alternative to long-term savings instruments by:
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Maximizing daily returns on available cash compared to traditional accounts.
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Providing instant liquidity, allowing customers to withdraw funds at any time without restrictions or penalties.
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Offering corporate clients an advanced digital dashboard for real-time tracking of cash flows, with tax-exempt returns that enhance cash management efficiency.
Statements from Granite Executives
Hisham Akram, Founder and CEO, said:
“The FinTech license marks a pivotal step in executing our strategy. It reflects our commitment to regulatory compliance and contributes to strengthening governance. We are now ready to redefine asset management by leveraging technology to deliver innovative solutions tailored to customer needs, enabling individuals and companies alike to achieve optimal returns.”
Hussein El-Sheikh, Co-Founder and Managing Director, added:
“The FRA’s approval reflects confidence in Granite’s digital infrastructure. From day one, we focused on providing a secure and practical solution for daily liquidity management, accessible via mobile for individuals and a web platform for companies.”
Mamdouh Morsi, Co-Founder and CTO, stated:
“This license validates the approach we adopted when designing Granite. Security, efficiency, and regulatory compliance were core priorities from the start. We are not offering a conventional financial app; we are building a new generation of fully regulated digital accounts.”
Innovative and Secure Digital Platform
Granite’s platform provides a seamless digital experience, allowing customers to activate accounts and complete electronic Know Your Customer (e-KYC) verification within minutes, without paperwork or branch visits. The account can be linked to any Egyptian bank for instant transfers, accessible 24/7, with cumulative daily yields and unrestricted access, providing both individuals and companies full financial freedom and security.
Transforming Cash Management
Granite’s solution reflects a fundamental shift in how cash liquidity is viewed: no longer as idle funds or short-term returns, but as strategic assets that combine instant access with growing yields within a fully secure and transparent framework.
With this launch, Granite sets a new standard for digital financial management in Egypt, prioritizing safety, flexibility, and daily returns while maintaining full regulatory compliance and customer-centric innovation.
