About Manzil
Manzil is a company based in Toronto (Canada) founded in 2017 by Mohamad Sawwaf and Sam Holako.. Manzil has raised $2.02 million across 2 funding rounds from investors including University of Toronto, Think Financial and Holt Xchange. Manzil has completed 1 acquisition, including Muslim Will. Manzil offers products and services including Halal Home Financing, Halal Investing, and Islamic Wills. Manzil operates in a competitive market with competitors including Kelp Finance, ATB Prosper, Implicity Financial, DoubleClick Lending and myBrokerBee, among others.
- Headquarter Toronto, Canada
- Founders Mohamad Sawwaf, Sam Holako
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Manzil Mortgage Services Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.02 M (USD)
in 2 rounds
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Latest Funding Round
$1.91 M (USD), Seed
Jun 02, 2022
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Investors
University of Toronto
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Manzil
Manzil offers a comprehensive portfolio of products and services, including Halal Home Financing, Halal Investing, and Islamic Wills. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Shariah-compliant options for home purchases and mortgages.
Platform for Shariah-aligned investments in equities and Sukuks.
Online tools for creating Shariah-compliant will documents.
Unlock access to complete
Funding Insights of Manzil
Manzil has successfully raised a total of $2.02M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.91 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.9M
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First Round
First Round
(04 Jun 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - Manzil | Valuation |
investors |
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| Jun, 2020 | Amount | Seed - Manzil | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Manzil
Manzil has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include University of Toronto, Think Financial and Holt Xchange. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage fintech investments are facilitated by Holt Xchange.
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Founded Year | Domain | Location | |
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Innate Capital Partners is focused on values-aligned investments.
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Founded Year | Domain | Location | |
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Offers fixed and variable mortgages with flexible features and transparent fees for Canadians.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Manzil
Manzil has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Muslim Will. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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An online platform for Muslim-focused will creation is operated.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Manzil
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Manzil Comparisons
Competitors of Manzil
Manzil operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kelp Finance, ATB Prosper, Implicity Financial, DoubleClick Lending and myBrokerBee, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App for autonomous investment management, earning interest, and secure self-custody of assets.
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| domain | founded_year | HQ Location |
Operates an app-based platform for user savings management.
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| domain | founded_year | HQ Location |
An alternative platform for individual savings and financial management.
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| domain | founded_year | HQ Location |
AI-driven lending marketplace for residential mortgage and home equity loans
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| domain | founded_year | HQ Location |
Operates a peer-to-peer platform for lead generation services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Manzil
Frequently Asked Questions about Manzil
When was Manzil founded?
Manzil was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Manzil located?
Manzil is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Manzil?
Mohamad Sawwaf is the current CEO of Manzil. They have also founded this company.
Is Manzil a funded company?
Manzil is a funded company, having raised a total of $2.02M across 2 funding rounds to date. The company's 1st funding round was a Seed of $111.5K, raised on Jun 04, 2020.
What does Manzil do?
Manzil was founded in 2017 in Toronto, Canada, and operates within the fintech sector focused on Islamic finance. Shariah-compliant mortgage loans are facilitated through an online platform, where investment plans for retirement, family needs, and taxes are provided. Early loan repayments are supported, allowing investors to earn returns based on mortgage terms. Robo-advisory services are also offered for loan consultations.
Who are the top competitors of Manzil?
Manzil's top competitors include DoubleClick Lending, ClearJar and Kelp Finance.
What products or services does Manzil offer?
Manzil offers Halal Home Financing, Halal Investing, and Islamic Wills.
How many acquisitions has Manzil made?
Manzil has made 1 acquisition, including Muslim Will.
Who are Manzil's investors?
Manzil has 4 investors. Key investors include University of Toronto, Think Financial, Holt Xchange, and Innate Capital Partners.