Founder and CEO of Munify, a cross-border neobank aimed at improving remittance services for Egyptians abroad.
Munify Secures $3 Million Seed Funding to Revolutionize Cross-Border Banking for the Egyptian Diaspora
Munify secured $3 million in seed funding led by Y Combinator. The platform offers quicker and more affordable money transfers to Egypt.
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.
Microsoft and Uber alum raises $3M for YC-backed Munify, a neobank for the Egyptian diaspora
Khalid Ashmawy founded Munify to address the high costs and slow processes of sending money home for Egyptians abroad. Munify joined Y Combinator's Summer 2025 batch, marking a significant achievement for a startup from outside the U.S.
