Menthum Holding for Financial Investments launched a digital saving application, according to an emailed press release on December 25th.

Users of the new app can easily download the app and sign up before being visited by the Menthum team to complete the process and sign the required documents.

Following the completion of these procedures, customers would be able to add money with no restriction on the minimum amount.

As soon as their money is credited to their Menthum account, customers will earn daily returns. Customers can withdraw money at any time without a lock-in period.

“Menthum was created to earn solid return on our liquid savings yet ensuring peace of mind. We strongly believe that a product created to address a strongly felt personal need, will positively add value to fellow Egyptians’ lives,” Co-Founder and CEO of Menthum Holding, Himanshu Shrimali, said.

To secure the returns of the saving app, Menthum launched Menthum Money Market Fund, which invests in safe Egypt government Treasury Bills (T-Bills).

“A money market fund, which is as safe as a bank account from a credit risk perspective, can earn returns upwards of 10% annually or more in the current interest rate environment and that’s how Menthum made this process simple, smart, and secure.” Co-Founder and Chief Operating Office of Menthum Holding, Ismail Sarhank, commented.

 

 

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