Microsoft And Uber Alum Launches Munify With $3M Funding
Munify secures $3M to revolutionize banking for Egyptians abroad with faster, cheaper remittances.
Matilda
Microsoft And Uber Alum Launches Munify With $3M Funding Munify Secures $3M To Redefine Banking For Egyptians Abroad
Munify, a neobank founded by former Microsoft and Uber engineer Khalid Ashmawy, is transforming how Egyptians abroad manage cross-border transactions. The startup recently raised $3 million in seed funding after joining Y Combinator’s Summer 2025 batch. Designed to address the persistent challenges of costly and slow remittances, Munify offers a faster and more affordable solution for Egyptians sending money home and for residents accessing U.S. banking services. Image Credits:Munify Munify’s Mission To Solve Remittance Challenges
Sending money internationally has long been an expensive and time-consuming process for Egyptian migrants. Traditional wire transfers often come with high fees and delays that can stretch over several business days. Having personally faced these struggles as a student and professional abroad, Ashmawy built Munify to eliminate such inefficiencies. The platform ensures quicker, cheaper, and more reliabl…
