Munify is a neobank focused on giving Egyptians abroad a faster, cheaper way to send money home while enabling residents, businesses and freelancers in Egypt to open U.S. bank accounts and cards using a local ID. The startup operates a dual consumer and business model: consumer remittance and banking services plus APIs for companies to send and receive cross-border payments. Munify says it is building its own rails and directly connecting banking systems across countries to reduce costs and speed transfers. The product launched two weeks ago and is already seeing early adoption with thousands of sign-ups via word of mouth. On the commercial side, Munify has signed contracts with mid-sized companies and enterprises representing a projected $50+ million in monthly cross-border volume. Its revenue sources are FX spreads, interchange and payment flows. The company plans to expand beyond Egypt to other Middle Eastern and adjacent countries, gradually stitching together regional banking rails.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2025