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 100 King Street West, Toronto.

How many employees does Manzil have?

As of Aug 31, 2026, the latest employee count at Manzil is 53.

Is Manzil a funded company?

Manzil is a funded company, having raised a total of $2.77M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 04, 2020.

When was the latest funding round of Manzil?

Manzil's latest funding was a $***** Seed round on Jun 02, 2022, with participation from 4 investors. Its primary sector is Digital Lending. In Canada, the Digital Lending sector has seen $207M in funding in 2026 to date.

Where does Manzil rank among its competitors?

Manzil ranks 6th amongst 41 active competitors, of which 6 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Nesto, which secured $76.7M in Jun, 2026.

Who are the top competitors of Manzil?

Manzil's top competitors include Nesto, Pinch Financial and Pineapple. Among them, Nesto secured the most recent funding round in June, 2026.

Manzil - 2026 Company Profile, Team, Funding & Competitors

Manzil is a seed company based in Toronto (Canada), founded in 2017 by Sam Holako. It operates as a Provider of financial products adhering to Islamic principles and guidelines. Manzil has raised $2.77M in funding. The company has 41 active competitors, including 6 funded and 2 that have exited. Its top competitors include companies like Nesto, Pinch Financial and Pineapple.

Company Details

Provider of financial products adhering to Islamic principles and guidelines. The company offers options for home financing, investment opportunities, and will preparation. It also provides resources for real estate transactions and wealth management. The organization ensures its offerings are legally valid and reviewed for compliance.

Website: www.manzil.ca/
Social
Registered Address: 100 King Street West, Toronto

Key Metrics

Founded Year

2017

Location

Toronto, Canada

Stage

Seed

Total Funding

$2.77M in 3 rounds

Latest Funding Round

Seed, Jun 02, 2022, $*****

Investors

OneEleven & 7 more

Ranked

6^th among 41 active competitors

Employee Count

53 as on Aug 31, 2026

Investment & Acquisitions

Muslim Will

Similar Companies

Trade Republic & 584 more

View Manzil's full profile

Manzil is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Manzil Mortgage Services Inc. CIN: 13165604 , Canada, Active	Jul 07, 2021	-	-	-

Manzil has raised a total funding of $2.77M over 3 rounds. Its first funding round was on Jun 04, 2020. Its latest funding round was a Seed round on Jun 02, 2022 for $*****. 4 investors participated in its latest round. Manzil has 8 institutional investors.

Here is the list of recent funding rounds of Manzil:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 02, 2022	9648705	Seed	5436666	9339640	3760574	8387833
Jan 06, 2022	3122863	Seed	9584779	4031892	6746406	Expert DOJO
Jun 04, 2020	3808144	Seed	3617797	6266729	7810588	2699106

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View details of Manzil's funding rounds and investors

The founders of Manzil is Sam Holako.

Here are the details of Manzil's key team members:

Sam Holako: Co-Founder / CPO / Principal Broker of Manzil.

Manzil's Board of Directors

Manzil's board has 2 active members. Sam Holakoozadeh and Mustafa Elkalza are independent board members.

Here is the list of Manzil's board of directors:

Name	Type	Representing	Status	Duration
Sam Holakoozadeh	Independent board member	-	Current	5y 2m
jmyaddh	Independent board member	-	Current	2y 9m

View details of Manzil's Founder profiles and Board Members

Manzil's employee count trend

Manzil has 53 employees as of Aug 26. Here is Manzil's employee count trend over the years:

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Top competitors of Manzil include Nesto, Pinch Financial and Pineapple. Here is the list of Top 10 competitors of Manzil, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Nesto 2018, Montreal (Canada), Series E	Residential Mortgage Loan Marketplace	$207M	IGM Financial, Invest Quebec & 18 others	58/100
2nd	Pinch Financial 2016, Toronto (Canada), Acquired	Online marketplace for residential mortgage loans	-	Regen Capital, The DMZ	52/100
3rd	Pineapple 2016, Toronto (Canada), Public	Online platform for residential mortgages	$9M	Gravitas Securities	49/100
4th	Pine 2021, Toronto (Canada), Series A	Provider of an online marketplace to find home loans	$21.6M	Greylock Partners, Inovia Capital & 11 others	48/100
5th	Canadian Mortgage App 2013, Toronto (Canada), Unfunded	End-to-end consumer mortgage planning app	-	-	41/100
6th	Manzil 2017, Toronto (Canada), Seed	Provider of financial products adhering to Islamic principles and guidelines	$2.77M	OneEleven, Expert DOJO & 6 others	40/100
7th	Perch 2018, Toronto (Canada), Series A	Developer of an online platform for residential mortgages	$4.79M	Second Century Ventures, BEST Funds & 3 others	40/100
8th	Think Financial 2016, Calgary (Canada), Unfunded	Provider of mortgages with flexible features and transparent fees	-	-	31/100
9th	PADS 2022, Montreal (Canada), Seed	Online lending platform for mortgage financing	$3M	-	28/100
10th	DoubleClick Lending 2020, Markham (Canada), Funding Raised	AI-driven lending marketplace for residential mortgage and home equity loans	-	DMP Startups, Ideal Ventures	28/100