Munify

The Cross-Border Neobank for the Middle East

Y CombinatorSummer 2025ActiveFintechFintechConsumerB2BConsumer Finance

What they do

Problem

People in the Middle East and its diaspora face friction, high fees, and poor exchange rates when opening USD accounts and sending money across borders.

Solution

Munify provides a mobile neobank app that lets users instantly open a USD account, get a virtual card, and transfer money internationally at competitive rates.

Who it's for

Individuals in the Middle East and Middle Eastern diaspora who need USD banking and cross-border payments/remittances.

Founders

Khalid Ashmawy

Founder

Founder & CEO at Munify (YC S2025), building a cross-border Neobank for the Middle East and its Diaspora. Previously founded Huspy (Sequoia-backed Series B, doing $7B in transactions annually). Before that, 10 years leading engineering teams at Microsoft and Uber.