YC-backed Munify raises $3M to serve Egyptian diaspora with cross-border neobank
- Munify raised $3 million in seed funding to scale its cross-border neobank.
- The startup was founded by Khalid Ashmawy, a former Microsoft and Uber engineer.
- Munify joined Y Combinator’s Summer 2025 batch.
Munify's innovative approach to remittances could significantly enhance financial accessibility for the Egyptian diaspora, potentially transforming the remittance landscape in Egypt. However, the challenge will be in effectively competing against established players in the market and ensuring regulatory compliance across different jurisdictions.
