Munify recently closed a $4.5 million seed round from Y Combinator, White Star Capital, Byld, Rebel Fund and DCG.
Munify, the cross border neobank, has received in-principle approval for license in UAE from DFSA.
This milestone marks Munify’s next step in expanding across the Middle East and North Africa (MENA), empowering customers in the region with modern financial tools that make sending, receiving, and managing money globally faster and more transparent.
Munify is a cross-border neobank for the global workforce, starting with Egypt – the world’s 5th-largest remittance corridor at $30B a year – with plans to expand into other high-demand markets with instant multi-currency accounts, as well as fiat and stablecoin-based transfers.
Munify recently raised $4.5 million in funding from Y Combinator, White Star Capital, Byld, Rebel Fund, DCG, DFS and Uncovered Fund, fueling its mission to build a borderless financial ecosystem.
