Munify Raises $3m to Boost Digital Banking for Egyptians Abroad

Munify Targets MENA with Blockchain-Powered Neobank

Munify, a newly established Egyptian fintech venture, has set its sights on becoming a prominent neobank in the Middle East and North Africa (MENA) region. Positioned to serve diaspora communities and international professionals, the company integrates blockchain technology to provide both business-to-business and business-to-customer financial solutions on a unified platform. The firm has introduced a mobile application, available for iOS and A…

Egypt's Munify Raises USD 3 M Seed Round To Build Cross-Border Digital Bank

Egyptian fintech Munify has raised USD 3 M in seed funding, led by Y Combinator with participation from BYLD and Digital Currency Group. The round comes as Munify graduates from YC’s Summer 2025 batch, one of the few MENA fintechs in a cycle dominated by AI. Founded in 2024 by Khalid Ashmawy (ex-Microsoft, Uber, and Huspy co-founder), Munify is building a cross-border digital bank for Egyptians abroad. Its platform enables instant, low-cost tran…

Munify raises $3m to boost digital banking for Egyptians abroad

Cairo-based FinTech Munify, which focuses on cross-border digital banking solutions for Egyptians living abroad, has secured $3m in a seed funding round. The round was led by Y Combinator, with additional support from BYLD, Digital Currency Group, and other strategic investors, according to a report from Wamda. Founded in 2024,  Munify aims to tackle the challenges faced by Egyptians abroad when accessing affordable and efficient banking service…

Munify closes $3M in seed funding to build neobank for Egyptian expats - Innovation Village | Technology, Product Reviews, Business

An Egyptian fintech startup, Munify, has successfully raised $3 million in seed funding to expand its cross-border neobank, which is specifically designed to serve the Egyptian diaspora. Founded by Khalid Ashmawy, a former Microsoft and Uber engineer and co-founder of the proptech company Huspy, Munify has created a solution to address the high costs and slow speeds of traditional remittance methods. The startup, which recently joined Y Combinat…

YC-backed fintech Munify raises $3M for Egyptian diaspora

Egyptian fintech startup Munify has raised $3 million in seed funding to scale its cross-border neobank tailored for the Egyptian diaspora. The startup, founded by former Microsoft and Uber engineer and co-founder of Huspy (a proptech startup), Khalid Ashmawy, recently joined Y Combinator’s Summer 2025 batch. Munify enables Egyptians abroad to send money home instantly at lower costs while giving residents and regional freelancers access to U.S.…

Egypt's Munify Raises $3M Seed Round Led by Y Combinator - Fintechnews Middle East

Cairo-based fintech Munify has secured US$3 million in seed funding led by Y Combinator, with participation from BYLD, Digital Currency Group, and other strategic investors. The investment follows Munify’s graduation from Y Combinator’s Summer 2025 batch, during which only a limited number of fintech companies from the MENA region were accepted in a cohort largely focused on artificial intelligence. Founded in 2024 by Khalid Ashmawy, a former ex…