For a lot of Egyptians who are currently living abroad, they have to adjust to the painful, long transfer of money home to their family. This has been a frustrating reality of cross-border banking and remittances, and hence, it led to the birth of Munify. Recently, Fintech startup Munify raises USD 3M to make remittances in Egypt simpler and quicker.
Munify is not a regular platform that promises to change all these obstacles with faster transfer, cheaper fees, and seamless access to the United States banking services for people living abroad. Instead, Munify is turning this into reality, and it raised a major seed round to build the future that other platforms can only promise to us but could never execute properly.
Munify was founded in 2025 by Khaled Ashmawy, who made this platform a mission-driven venture aiming to simplify cross-border banking for Egyptians living abroad. It also provides Middle Eastern residents with modern tools to send, receive, and manage money properly. Recently, Fintech startup Munify raises USD 3M, and with this seed funding, the company is ready to scale.
Fintech Startup Munify Raises USD 3M
The company recently announced that the Fintech startup Munify raises USD 3M in seed funding, which is a huge milestone for a company that was only founded this year. The round was led by Y Combinator, BYLD, and DCG, and this shows that the investors believe and have confidence in Munify’s mission and market opportunity in the future.
One of the most notable and major aspects of this seed round is that Munify has been accepted into the Y Combinator’s Summer 2025 Batch. Y Combinator is known as the world’s most prestigious startup accelerator, and only a handful of Middle Eastern startups are able to make it to the top of its ranks, and this time, it is Munify’s turn to shine in the list.
Another unique and important aspect of Munify is that it entered Y Combinator without a core AI pitch, and this was done at a time when the majority of its batchmates were focused on generative AI. Munify leaned more towards a smart move to solve one of the world’s most practical financial problems, and that is the cross-border money movement to help people living abroad.
Building a Cross-Border Bank
Munify is building a cross-border bank for Egyptians abroad, and this platform serves two main functions. The first one is consumer-focused banking, and the second one is business-focused payment APIs. If we take the first side, Munify offers services like remittances and access to U.S. banking, while the second function enables companies to send and receive payments across borders.
The Fintech startup Munify raises USD 3M news has highlighted the dual approach that allows it to scale both through individual users and enterprise clients. Khaled Ashmawy drew inspiration from his own struggles as an immigrant, and he faced hassles in sending money back home to Cairo. These personal experiences play a huge role in shaping new startups that can solve problems of people all over the world.
Remittance Challenge in Egypt
To understand the importance of Munify, we have to take a look at Egypt’s remittance landscape, as it is one of the world’s largest remittance markets. With nearly USD 30 billion in annual inflows, Egyptians who are working abroad sent a huge volume of money back home. Despite its size, the market has long been plagued by inefficiencies, and hence, Munify was founded to solve the issue.
Munify aims to flip the script by offering a much cheaper and faster transfer, and its system is designed to cut through the red tape and outdated systems as well. For Egyptians who are living abroad, this means more than money, and the Fintech startup Munify raises USD 3M in new funding is a testament to Munify’s growth and evolution in the current era.
The recent Fintech startup Munify raises USD 3M in news, underscoring the ambitions of this startup to expand beyond Egypt. The broader vision is to create a regional cross-border financial network, and the Fintech startup Munify raises USD 3M in news, serving both individuals and businesses.
