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
Locked
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Phone
Locked
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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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
- 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.
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.
People of Manzil
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage fintech investments are facilitated by Holt Xchange.
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Innate Capital Partners is focused on values-aligned investments.
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Offers fixed and variable mortgages with flexible features and transparent fees for Canadians.
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Investor details for Manzil
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Investments & Acquisitions by Manzil
Manzil has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Muslim Will.
Investment portfolio details for Manzil
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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- Transaction dates
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| 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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Locked | Locked | 2017 | Locked |
Complete acquisition details for Manzil
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
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Financial Statements - Manzil
Detailed financials for Manzil
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Manzil Comparisons
Peer comparison for Manzil
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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App for autonomous investment management, earning interest, and secure self-custody of assets.
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Operates an app-based platform for user savings management.
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An alternative platform for individual savings and financial management.
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AI-driven lending marketplace for residential mortgage and home equity loans
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Operates a peer-to-peer platform for lead generation services.
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Detailed competitors of Manzil
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Latest news on Manzil
Complete news archive for Manzil
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Frequently Asked Questions about Manzil
Manzil was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Manzil is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Mohamad Sawwaf is the current CEO of Manzil. They have also founded this company.
Manzil is a funded company, having raised a total of $2.02M across 2 funding rounds to date.
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.
Manzil's top competitors include DoubleClick Lending, ClearJar and Kelp Finance.
Manzil offers Halal Home Financing, Halal Investing, and Islamic Wills.
Manzil has made 1 acquisition, including Muslim Will.
Manzil has 4 investors. Key investors include University of Toronto, Think Financial, Holt Xchange, and Innate Capital Partners.