News Summary

• Munify is a cross-border neobank designed to give Egyptians abroad a faster, cheaper way to send money home.
• Earlier this year, the startup joined Y Combinator’s Summer 2025 batch, a rare entrant from outside the U.S.
• The company raised $3 million in seed funding from the accelerator and other regional investors, including BYLD and DCG.
• Egypt is one of the world's largest remittance markets, receiving nearly $30 billion in inflows annually.