munify

ChainCatcher news, the fintech platform Munify, headquartered in Egypt, has completed a $3 million seed round financing, led by Y Combinator, with participation from Digital Currency Group (DCG) and BYLD.According to reports, Munify is a blockchain fintech platform aimed at the Middle East and North Africa (MENA) region, providing global, mobile-first fund management services. The platform offers multi-currency non-custodial accounts, real-time cross-border payments, virtual USDC cards, and remittance services supporting stablecoins.

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.