Ex-Microsoft Exec’s Munify: Neobank for Egyptian Diaspora Remittances

Khalid Ashmawy, a former Microsoft and Uber executive, founded Munify after facing remittance frustrations to Egypt. The YC-backed neobank offers U.S. accounts, instant transfers, and low fees for the Egyptian diaspora, targeting the $30B market. It raised $3M in seed funding to expand into savings and investments. This could redefine inclusive global finance.