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Financial Regulatory Authority Grants Granite Holding a FinTech License to Launch “Granite Day-by-Day” Account as Egypt’s First Fully Digital Cash Account

Granite Holding for Financial Investments, a company specializing in digital asset management, announced that it has obtained a license from the Financial Regulatory Authority (FRA) to conduct non-banking financial activities using financial technology. This approval enables the company to immediately launch the “Granite Day-by-Day” account application. The launch follows the FRA’s decision issued on Thursday, January 15, 2026, granting Granite approval to utilize fintech solutions for receiving subscriptions in investment fund units, as well as receiving and executing purchase and redemption transactions for open-ended investment funds. This positions Granite at the forefront of financial institutions adopting comprehensive digitalization standards within Egypt’s capital market.

The launch of the fully digital “Granite Day-by-Day” account coincides with Egyptian banks’ preparations to repay customer savings certificates worth approximately EGP 1.3 trillion starting in January 2026. These expected cash flows have drawn significant attention, as banks enter intense competition to retain deposits amid fluctuating interest rates.

In this context, Granite introduces its digital account as a flexible alternative for individuals and institutions, distinct from long-term savings products. The “Granite Day-by-Day” account aims to maximize returns on available cash compared to traditional accounts, offering some of the highest daily returns under full regulatory supervision. The account also provides customers with instant liquidity, allowing them to withdraw their funds at any time without restrictions or penalties.

For corporates and institutions, Granite offers an advanced digital dashboard that enables real-time monitoring of liquidity movements and cash flows, delivering clearer insights and greater control over cash management. In addition, generated returns are tax-exempt, enhancing corporate cash management efficiency compared to holding liquidity in low-yield instruments.

Commenting on the development, Hisham Akram, Founder and Chief Executive Officer of Granite Holding for Financial Investments, stated:
“The fintech license represents a pivotal step in executing our strategy, as it reflects not only our commitment to regulatory compliance but also our contribution to strengthening it. We are now ready to deliver our vision of redefining asset management by leveraging technology to offer innovative, customer-centric products. We believe that true financial transformation is achieved by providing secure institutional solutions through simple and accessible digital tools, empowering both individuals and businesses to achieve higher returns.”

Granite’s digital platform introduces a new definition of customer experience in the Egyptian market by offering secure, seamless, and reliable financial solutions. Through a few simple steps on the application, individuals can activate their cash accounts and complete electronic know-your-customer (e-KYC) procedures within minutes, without the need for paperwork or branch visits as required by traditional financial institutions. The account provides complete financial freedom, with 24/7 access and cumulative daily returns without restrictions. It can also be linked to any Egyptian bank account, enabling instant transfers to and from the account.

In the same vein, Hussein El Sheikh, Co-Founder and General Manager of Granite, added:
“The FRA’s approval reflects its confidence in the strength of Granite’s digital infrastructure. From the outset, we focused on delivering a secure and practical solution that meets everyday needs. By supporting companies and individuals with a trusted digital tool for managing their cash liquidity—designed for ease of use and high security, whether via mobile applications for individuals or a dedicated web platform for corporates—we empower our clients to take full control of their funds while providing a simple, reliable, and efficient means of cash management.”

Meanwhile, Mahmoud Morsi, Co-Founder and Chief Technology Officer of Granite, stated:
“This license validates the approach we adopted in designing Granite’s operating model from day one. Security, efficiency, and regulatory compliance were built as core priorities into the platform’s architecture, not added as afterthoughts. We are not offering a conventional financial application; rather, we are establishing a new generation of regulated digital financial accounts.”

Amid ongoing market developments, Granite’s vision reflects a fundamental shift in how investors perceive cash liquidity. It is no longer viewed merely as idle funds or a tool for capturing temporary returns, but as a strategic asset whose value lies in combining instant liquidity with growing returns—within a framework that ensures the highest levels of security and transparency.