Blockchain fintech company Munify has completed a $3 million seed round financing, with participation from Grayscale's parent company DCG

ChainCatcher news, Egyptian blockchain fintech company Munify announced the completion of a $3 million seed round financing, with strategic investment institutions including BYLD and the parent company of Grayscale, Digital Currency Group, participating. The company utilizes blockchain technology to provide instant sending and receiving services in multiple currencies for individuals and businesses, and has launched a virtual card supported by stablecoins. Currently, its services cover the United States, the United Kingdom, Europe, and Gulf Cooperation Council (GCC) member countries. The new funds will be used to expand into other markets and to grow the compliance team.